IP/10/1069
Brussels, 24 August 2010
Mergers: Commission approves acquisition of Chloride by Emerson
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Chloride, a UK-based electrical equipment supplier, by the U.S. company Emerson. The Commission concluded that the acquisition would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Through the proposed transaction, Emerson would take sole control over Chloride. Emerson is a global supplier of technological solutions for network power, process management, industrial automation, climate technologies, storage solutions, motor technologies and the appliances sectors. Chloride is active in the production and sale of electrical equipment and accompanying software.
The companies' activities overlap in the production and sale of uninterruptible power supply (UPS) products and related after-sales services. UPS products are used by a variety of customers ranging from small businesses to data-centres, hospitals and the industry sector to protect electronic applications from fluctuations or interruptions in their input power supply used.
The merged entity would continue to face strong competition from a number of credible competitors in all national markets affected by the concentration. Therefore, the Commission concluded that the proposed transaction does not raise competition concerns.
The transaction was notified to the Commission on 19 July 2010. More information on the case will be available at:
http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_5886
