CELEX: 32021M10401
Language: en
Date: 2021-10-08 00:00:00
Title: Commission Decision of 08/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10401 - SAMI / DUSSUR / FGA / SAMI FIGEAC AERO MANUFACTURING JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                               Brussels, 8.10.2021
                                                               C(2021) 7406 final
                                                                               PUBLIC VERSION
                                                               Saudi Arabian Military Industries
                                                               Company
                                                               King Khalid International Airport
                                                               Road
                                                               Riyadh Front
                                                               Building 3706 Unit No.2
                                                               Riyadh 13455 - 6511
                                                               Kingdom of Saudi Arabia
                                                               Saudi Arabian Industrial Investments
                                                               Company
                                                               King Khalid International Airport Road
                                                               Riyadh Front
                                                               Building N4
                                                               Riyadh 13413 - 3686
                                                               Kingdom of Saudi Arabia
                                                               Figeac Aéro S.A.
                                                               Z.I. de l'Aiguille
                                                               46100 Figeac
                                                               France
Subject:        Case M.10401 – SAMI / DUSSUR / FGA / SAMI FIGEAC AERO
                MANUFACTURING 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
                Economic Area2
Dear Sir or Madam,
1.      On 16 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Saudi Arabian Military Industries Company (‘SAMI’, Saudi Arabia),
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’).
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---    belonging to Public Investment Fund (‘PIF’, Saudi Arabia), Saudi Arabian Industrial
   Investments Company (‘Dussur’, Saudi Arabia), jointly controlled by PIF and Saudi
   Arabian Oil Company (‘Saudi Aramco’, Saudi Arabia) and Figeac Aéro S.A. (‘FGA’,
   France) acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger
   Regulation joint control of the undertaking SAMI Figeac Aero Manufacturing LLC
   (‘Target JV’, Saudi Arabia), a newly created company constituting a joint venture, by
   way of purchase of shares.3
2. The business activities of the undertakings concerned are:
        for SAMI: a military company that invests in manufacturing innovative
            military products and provides services across its business devisions of
            Aeronautics, Land Systems, Weapons and Missiles, Defense Electronics and
            Emerging Technologies,
        for Dussur: a strategic industrial investment firm,
        for FGA: a global aerospace company specialised in the machining of
            structural parts, engine and precision parts in light alloys and hard metals, as
            well as subassemblies,
        for the Target JV: a greenfield joint venture set up for the purposes of
            developing commercially viable venture to pursue the establishment of a high
            precision metallic aircraft components manufacturing centre in Saudi Arabia.
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
3  Publication in the Official Journal of the European Union No C 387, 24.9.2021, p. 19.
4  OJ C 366, 14.12.2013, p. 5.
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