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Document C2010/226/08

Prior notification of a concentration (Case COMP/M.5784 — Magna/Semikron/JV) — Candidate case for simplified procedure Text with EEA relevance

OJ C 226, 21.8.2010, p. 15–15 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

21.8.2010   

EN

Official Journal of the European Union

C 226/15

Prior notification of a concentration

(Case COMP/M.5784 — Magna/Semikron/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

2010/C 226/08

1.

On 13 August 2010, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Magna International Inc (‘Magna’, Canada) and Semikron Elektronik GmbH & Co. KG (‘Semikron’, Germany) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Vepoint GmbH & Co. KG (‘Vepoint’, Germany) by way of purchase of shares in a newly created company constituting a joint venture.

2.

The business activities of the undertakings concerned are:

—

Magna is a diversified global automotive supplier. It designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles. Its products and services are sold primarily to OEMs of cars and light trucks world-wide,

—

Semikron is a global power electronic producer. It designs, develops, manufactures and sells power modules for energy conversion in power electronics applications such as motor control, power supply, renewable energy, and welding equipment,

—

Vepoint will develop, manufacture and supply inverters, DC/DC converters and battery chargers for the use in hybrid and electric cars.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the EC 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 EC Merger Regulation (2) it should be noted that this case is a candidate for treatment under the procedure set out in the 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 number COMP/M.5784 — Magna/Semikron/JV, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘EC Merger Regulation’).

(2)  OJ C 56, 5.3.2005, p. 32 (‘Notice on a simplified procedure’).

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