Brussels, 17 th July 2009
Mergers: Commission approves proposed acquisition of Loos by Bosch Thermotechnik
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Loos , a German manufacturer of boilers for industrial applications, by Bosch Thermotechnik, a German based producer of boilers mainly for domestic applications. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Bosch Thermotechnik, part of the Bosch group, produces boilers mainly for domestic use under its brands "Buderus" and "Junkers". Loos supplies industrial boiler systems.
T he parties' activities are rather complementary. Bosch Thermotechnik focuses on domestic appliances where lower temperatures and pressures are required and which are significantly less powerful than the boiler systems Loos manufactures for use in industrial processes.
The Commission's investigation of the proposed transaction showed that the horizontal overlaps between the activities of Loos and Bosch Thermotechnik are limited and that the additional market share brought about by Bosch Thermotechnik's acquisition of Loos is insignificant. In addition, the Commission found that Bosch Thermotechnik and Loos are active in different segments of the boiler and that the transaction is unlikely to have negative effects. The Commission therefore concluded that the proposed transaction would not give rise to competition concerns.
More information on the case will be available at: