CELEX: 32021M10182
Language: en
Date: 2021-05-07 00:00:00
Title: Commission Decision of 07/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10182 - SADC / COGNITE / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 07.05.2021
                                                                C(2021) 3394 final
                                                                                 PUBLIC VERSION
                                                                Saudi Aramco Development Company
                                                                P.O. Box 5000
                                                                Dhahran 31311
                                                                Saudi Arabia
                                                                Cognite AS
                                                                Oksenøyveien 10
                                                                1366 Lysaker
                                                                Norway
Subject:        Case M.10182 – SADC / COGNITE / 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 15 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Saudi Aramco
        Development Company (“SADC”, Saudi Arabia) and Cognite AS (“Cognite”,
        Norway) intend to acquire within the meaning of Articles 3(1)(b) and 3(4) of the
        Merger Regulation joint control of a newly created joint venture company (Saudi
        Arabia) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for SADC: a wholly owned subsidiary of Saudi Arabian Oil Company
                 (“Aramco”, Saudi Arabia), engaged in the exploration, production and
                 marketing of crude oil and in the production and marketing of refined products
                 and petrochemicals;
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 143, 23.4.2021, p. 10.
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---         for Cognite: a software provider that offers data services and industrial
           artificial intelligence services;
        for the newly created joint venture company: selling digital transformation
           services as well as cloud products and their related professional services 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
   paragraphs 5(a) and 5(b) 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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