CELEX: 32021M10265
Language: en
Date: 2021-05-19 00:00:00
Title: Commission Decision of 19/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10265 - HISENSE GROUP / SANDEN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 19.05.2021
                                                                 C(2021) 3680 final
                                                                                 PUBLIC VERSION
                                                                 Hisense Home Appliances Group Co.,
                                                                 Ltd.
                                                                 Hisense Tower
                                                                 17 Donghai Xi Road
                                                                 Qingdao, 266071
                                                                 People’s Republic of China
Subject:        Case M.10265 — Hisense Group/Sanden
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 23 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Hisense Home Appliances Group Co., Ltd., (“Hisense Home”, China)
        intends to acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole
        control over Sanden Holdings Corporation (“Sanden”, Japan), by way of purchase of
        shares.3 Hisense Home is ultimately controlled by Hisense Group Holdings Co. Ltd
        (“Hisense Group”).
2.      The business activities of the undertakings concerned are:
             for Hisense Group: manufacture and supply of, inter alia, major domestic
              appliances, small domestic appliances, residential and commercial air
              conditioners and dehumidifiers and televisions,
             for Sanden: manufacture and supply of climate control components and
              compressors constituting automotive air-conditioning systems; manufacture and
              supply of climate control systems for construction machinery and agricultural
              machinery.
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 (the ‘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 154, 30.4.2021, p. 17.
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--- 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(c) 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.
                                              2