European Commission - Daily News
Brussels, 11 December 2015
The European Commission has approved under the EU Merger Regulation the acquisition of Montupet S.A. of France by Linamar Corporation of Canada.
Linamar is a diversified group, whose activities include the machining of precision metallic components, modules and systems for the automotive industry. Montupet designs and produces automotive components through a casting process and is specialised in aluminium cylinder heads for the automotive industry.
The Commission concluded that the proposed transaction would raise no competition concerns because several alternative suppliers would remain active after the merger in both the market for machining of automotive components and the market for aluminium cylinder heads. The transaction was examined under the normal merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.7796. (for more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)