The EU Commission clears an acquisition in the textile industry (Promatech / Sulzer Textil)

"Merger Control: Main developments between 1st May 2002 and 31th August 2002"* Following referral of the case by a group of member states according to Article 22 (3) of the Merger Regulation, the European Commission cleared the acquisition of Sulzer Textil, the textile machinery division of Swiss company Sulzer Ltd, by Italy’s Promatech SpA, another maker of weaving machinery. An in-depth investigation showed that the deal would have led to a dominant position on the Western European

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