Mergers: Commission approves acquisition of small package delivery services provider TNT Express by FedEx
European Commission - Daily News Brussels
Brussels, 8 January 2016
Following an in-depth investigation opened in July 2015, the Commission has concluded that the acquisition of small package delivery services provider TNT Express by FedEx will not give rise to competition concerns, because FedEx and TNT are not particularly close competitors and because the merged entity will continue to face sufficient competition from its rivals in all markets concerned.
Commissioner Margrethe Vestager, in charge of competition policy, commented: "Many businesses and consumers rely heavily on affordable and reliable small package delivery services, in particular with the growth of e-commerce. Therefore, the Commission has thoroughly assessed the markets affected by this takeover. The conclusion is that European consumers will not be adversely affected by the transaction. We have therefore unconditionally approved the merger.
The in-depth investigation into FedEx's takeover of TNT Express was prompted by concerns that the proposed acquisition would substantially lessen competition in certain markets for international deliveries of small packages up to 31.5kg in the European Economic Area (EEA). The Commission concluded that the proposed concentration would not significantly impede effective competition in the EEA or any substantial part of it.
More information will be made available on the competition website, in the Commission's public case register under the case number M.7630. The full press release is available online in EN, FR, NL and DE.
(For more information: Lucía Caudet – Tel.: +32 229 56182; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)