Merger Case M.8738 | Creation of joint venture between Rhone-Zodiac and Fluidra

Summary:

The European Commission approved on 27 June 2018 the proposed creation of a joint venture between the swimming pool equipment businesses of Zodiac and Fluidra. The approval was conditional on the divestment of most of Fluidra's robotic pool cleaner business.

Further information:

Zodiac and Fluidra are bothactive throughout Europe in swimming pool equipment products, mainly for residential use. The Commission's investigation focused on the companies' overlapping activities in swimming pool cleaning, water treatment and heating equipment.

To address the Commission's competition concerns, the two companies offered to divest Fluidra's Israeli based subsidiary Aquatron Robotic Technology Ltd.,which manufactures and supplies robotic pool cleaners worldwide.

The transaction was notified to the Commission in May 2017.

European Commission: Press Release, 27.06.18: Commission clears Zodiac and Fluidra pool equipment joint venture, subject to conditions http://europa.eu/rapid/press-release_IP-18-4297_en.htm

Fluidra: Press Release, 02.07.18: Fluidra and Zodiac close merger, creating a global leader in the pool industry https://www.fluidra.com/en/fluidra-and-zodiac-close-merger-creating-global-leader-in-the-pool-industry/

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