| Author (Person) | Barker, Alex, Lemer, Jeremy |
|---|---|
| Series Title | Financial Times |
| Series Details | 28.3.12 |
| Publication Date | 28/03/2012 |
| Content Type | News |
|
The European Commission opened an in-depth investigation under the EU Merger Regulation in March 2012 into the proposed acquisition of control over Goodrich Corporation by United Technology Corporation (UTC), both US-based companies active in the production and sale of aviation equipment on a worldwide basis. The Commission’s preliminary investigation indicated potential competition concerns regarding the markets for engine controls and AC power generators, where the parties would have very high combined market shares. The Commission also has vertical concerns concerning the removal of Goodrich as an independent supplier of fuel nozzles and engine controls, as well as in the area of aftermarket services. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission had 90 working days, until 9 August 2012, to take a final decision on whether the proposed transaction would reduce effective competition in the European Economic Area (EEA). |
|
| Related Links |
|
| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
