| Author (Corporate) | European Commission: DG Competition |
|---|---|
| Publication Date | 01/06/2018 |
| Content Type | Overview |
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Summary: The acquisition of General Electric Industrial Solutions (GEIS) by ABB Asea Brown Boveri Ltd was notified to the European Commission on 20 April 2018. An investigation was conducted which found that the transaction would raise no competition concerns in the relevant markets. Further information: The investigation concluded that, while both ABB and GEIS are active in the design, manufacture and sale of low voltage and medium voltage products, their respective geographic areas of activity are complementary. On overlapping markets, the Commission found that the transaction raises no significant concerns. On markets where the merging companies are active at different levels of the supply chain, the Commission found that they would not have the ability to foreclose competitors. |
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| Source Link | Link to Main Source http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_8678 |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
