CELEX: 32020M9638
Language: en
Date: 2020-02-18 00:00:00
Title: Commission Decision of 18/02/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9638 - HYUNDAI MOTOR GROUP / APTIV / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 18.02.2020
                                                                C(2020) 1055 final
                                                                                        PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9638 – HYUNDAI MOTOR GROUP / APTIV / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 17 January 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Aptiv PLC
        (‘Aptiv’, Ireland) and Hyundai Motor Company (‘HMC’), Kia Motors Corporation
        (‘Kia’) and Hyundai Mobis (‘Mobis’), all belonging to Hyundai Motor Group
        (‘HMG’, South Korea) acquire within the meaning of Articles 3(1)(b) and 3(4) of the
        Merger Regulation joint control of a newly created company constituting a joint
        venture (‘JV’, US) by way of purchase of shares in a newly created company
        constituting a joint venture.3
2.      The business activities of the undertakings concerned are:
             for Aptiv: global technology and mobility company primarily serving the
              automotive sector. Aptiv designs and manufactures vehicle components and
              safety technology solutions,
             for HMG: an international group of companies with a diverse portfolio of
              business activities, including the manufacture and sale of all types of motor
              vehicles. HMG’s key affiliates include its auto-making arms HMC and Kia as
              well as its auto-parts making unit Mobis.
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 26, 27.1.2020, p. 4.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---    The JV will design, develop, and commercialise autonomous driving software
   technologies, services, systems, vehicle architecture and other related enabling
   offerings with respect to Society of Automotive Engineers Levels 4 and/or 5 of
   autonomous driving.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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