Brussels, 1 March 2000
Commission approves the acquisition of ERF (Holdings) plc (UK) by MAN Nutzfahrzeuge AG (Germany)
The European Commission has approved the acquisition of the heavy truck manufacturer ERF (Holdings) plc ("ERF"), United Kingdom, by the German company MAN Nutzfahrzeuge Aktiengesellschaft ("MAN Nutzfahrzeuge"), which belongs to group MAN Aktiengesellschaft ("MAN AG"). MAN and ERF have overlapping activities on the market for heavy trucks mainly in the United Kingdom. However, given the relatively limited combined market share of the combined entity and the existence of a number of well-established competitors on the UK market, the proposed transaction is not considered to raise competition concerns on the heavy trucks market in the United Kingdom. The concentration has therefore been declared compatible with the common market and with the EEA Agreement.
MAN is a German holding company active through its subsidiaries in various manufacturing activities, including, inter alia, manufacture of printing machines, diesel engines for ships and power generation and turbines and engineering. Through its subsidiary MAN Nutzfahrzeuge, MAN AG is active in the field of manufacture of trucks, buses and related components. ERF is a company based in the United Kingdom and mainly active in the manufacture of heavy trucks and to a smaller extent, mini busses.
Pursuant to an agreement of 30 January 2000, MAN Nutzfahrzeuge is to acquire all shares of ERF. The acquisition would confer to MAN sole control of ERF.