European Commission - Daily News
Brussels, 2 June 2016
The European Commission has approved under the EU Merger Regulation the acquisition of Tyco International plc of Ireland by Johnson Controls, Inc of the US.
Tyco is a global provider of fire, security and life safety products and services. Johnson Controls is a global multi-industrial company with three main business segments: (i) building efficiency; (ii) automotive systems; and (iii) power solutions.
The Commission concluded that the proposed acquisition would raise no competition concerns, in particular because the overlaps between the activities of Tyco and Johnson Controls are limited. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7956.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)
Source: Europa.eu (Copyright European Commission)