Brussels, 22 February 2010
Mergers: Commission clears proposed acquisition of General Electric's security business by United Technologies Corporation
The European Commission has cleared, under the EU Merger Regulation, the proposed acquisition of General Electric's ("GE") security business by US-based United Technologies Corporation ("UTC"). The Commission concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or in any substantial part of it.
UTC is a global manufacturer and supplier of high technology products and services for the building systems and aerospace industries. GE's security business consists of the manufacture and supply of fire detection and electronic security equipment.
The proposed merger is largely complementary as UTC is mainly active in the services markets, including installation and maintenance services of fire detection and electronic security equipment, whereas GE Security is only active in the manufacture and supply of this equipment in the EEA.
The Commission's market investigation confirmed that the proposed acquisition would be unlikely to raise competition concerns. On both the equipment and the services level, the increases in market shares are marginal.
The operation was notified to the Commission for regulatory clearance in the EEA territory on 19 January. Further information on the case will be available at: