18.5.2017   

EN

Official Journal of the European Union

C 155/8

1.

On 5 May 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings General Electric Company (‘GE’, USA) and Allegheny Technologies Incorporated (‘ATI’, USA) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the NewCo (USA) by way of a purchase of shares in a newly created company constituting a joint venture.

2.

The business activities of the undertakings concerned are:

—   for GE: global, diversified manufacturing, technology and services company.

—   for ATI: worldwide specialty materials and components producer including titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys.

—   for NewCo/JV: development of a novel titanium alloy reduction process and subsequent commercializion of titanium alloy powders as well as titanium novel alloys.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8301 — GE/ATI/JV, to the following address: