CELEX: 32003M3043
Language: en
Date: 2003-01-31 00:00:00
Title: Commission Decision of 31/01/2003 declaring a concentration to be compatible with the common market (Case No COMP/M.3043 - EMERSON / DANA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32003M3043

Commission Decision of 31/01/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3043 - EMERSON / DANA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 033 , 12/02/2003 P. 0007 - 0007

Commission Decision of 31/01/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3043 - EMERSON / DANA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the Notifying PartiesDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.3043 - Emerson / Dana / JV Notification of 03/01/2003 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 8, of 14/01/2003, page 5[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 03.01.2003 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the undertakings Emerson Electric Co. ("Emerson", USA) and Dana Corporation ("Dana", USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Dana Emerson Actuator Systems LLC ("Dana Emerson", USA) by way of purchase of shares in a newly created company constituting a joint venture.2. The business activities of the undertakings concerned are : - for Emerson: design, manufacture and sale of electrical, electromechanical and electronic products and systems - for Dana: manufacture of components and systems for vehicle and industrial manufacturers - for Dana Emerson: sale of components for automotive steering systems3. 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 c, 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. 32.4. 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 CommissionMario MONTI Member of the Commission