The EU Commission clears acquisition between two of the world’s largest rail equipment manufacturers, subject to divestment of the overlapping friction materials business (Wabtec / Faiveley)

Wabtec/Faiveley - Braking News: Commission conditionally clears acquisition in train equipment sector* In a nutshell: The Commission cleared the acquisition of Faiveley Transport by Wabtec, subject to conditions. This case required the assessment of the effects of a merger with a potential competitor. In phase II, the Commission finetuned its intervention to the strict necessities. Introduction On 4 October 2016, after an in-depth investigation, the Commission cleared the acquisition of French railway equipment company Faiveley Transport (Faiveley) by US-based rival Westinghouse Air Brakes Technology (Wabtec), subject to conditions. [1] The case notably required the Commission to assess the effects of a merger with a potential competitor. The Commission ultimately did not retain a

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Irene Mirabile, Réka Bernat, Jonathan Clovin, Jani Ringborg, The EU Commission clears acquisition between two of the world’s largest rail equipment manufacturers, subject to divestment of the overlapping friction materials business (Wabtec / Faiveley), 4 October 2016, e-Competitions Bulletin Transport (rail), Art. N° 86499

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