IP/10/4
Brussels, 6 th January 2010
Mergers: Commission approves proposed acquisition of Emcon by Faurecia
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Emcon Technologies LLC (Emcon), a US manufacturer of exhaust emission controls , by Faurecia SA, a French manufacturer of motor vehicle components. 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.
Faurecia is active worldwide in automotive equipment engineering and production, specialising in four key product lines: vehicle seats, interior systems, for example cockpit instrument panels, centre consoles and acoustic packages, exterior systems such as bumpers and engine cooling systems and exhaust systems. Emcon specialises in exhaust systems and is active worldwide.
The parties' activities overlap in the manufacture and supply of exhaust systems for passenger cars.
However, the Commission's investigation found that the proposed merger would not give rise to any significant competition concerns in the exhaust systems market given the degree of competition and substantial buyer power that exist in this market. More information on the case will be available at:
http://ec.europa.eu/competition/mergers/cases/index/m113.html#m_5680
