CELEX: 32002M2862
Language: en
Date: 2002-08-01 00:00:00
Title: Commission Decision of 01/08/2002 declaring a concentration to be compatible with the common market (Case No COMP/M.2862 - KONE / PARTEK) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32002M2862

Commission Decision of 01/08/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2862 - KONE / PARTEK) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 201 , 24/08/2002 P. 0017 - 0017

Commission Decision of 01/08/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2862 - KONE / PARTEK) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partyDear Sirs,Subject: Case No. COMP/M. 2862 - KONE/PARTEK Notification of 04.07.2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C166 of 12/07/2002, page 11.[1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.1. On 04.07.2002, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertaking Kone Corporation ("Kone", Finland) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Partek Corporation ("Partek", Finland) by way of public bid announced on 18.06.2002.  The business activities of the undertakings concerned are : - for Kone: Development, manufacture, installation and after-sales services for elevators                 and escalators. After-sales services for automatic building doors. - for Partek: Manufacturers and sale of load and container handling machines, forest                       machines, tractors and heavy trucks. Also active in quarrying and processing of                            limestone.2. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].  [2]   OJ C 217, 29.07.2000, p. 32.3. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.  This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.For the CommissionMichel BARNIER Member of the Commission