BRUSSELS APPROVES FURTHER EXPANSION FOR AUTO-PARTS MAKER JOHNSON CONTROLS
January 1st, 2011
BY KEITH NUTHALL
COMPETITION approval has been granted by the European Commission to the planned acquisition by US-based automotive systems and components manufacturer Johnson Controls Inc (JCI) of German car seat manufacturer CRH.
Brussels has imposed no conditions on its permission, having concluded in an investigation there are sufficiently strong rival auto-parts suppliers to provide strong competition to an expanded JCI.
"The parties will neither have the incentive nor the ability to close out non-integrated competitors from access to metal structures ...
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