CASE COMMENTS: MERGERS - EUROPEAN UNION - AVIATION - HORIZONTAL EFFECTS - STRUCTURAL REMEDIES

Structural remedies: The European Commission approves a $30 billion horizontal merger in the aviation industry, subject to the divestment of several businesses in actuators, pilot controls, ice protection and oxygen systems (UTC / Rockwell Collins)

On 4 May 2018, the European Commission approved the acquisition by United Technologies Corporation ('UTC') of the whole of Rockwell Collins, after a phase I investigation but subject to important structural remedies. UTC is a provider of high-technology products and services for the building and aerospace industries worldwide, controlling notably the elevator company Otis, while Rockwell Collins provides mainly avionics, meaning the electronic systems used in aircraft, satellites and spacecraft. As UTC and Rockwell Collins are both major worldwide suppliers of aircraft equipment, providing aircraft makers such as Airbus or Boeing, this transaction was one of the largest in the aerospace industry to date, following other operations such as UTC/Goodrich and Safran/Zodiac. On a worldwide

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Authors

  • Hogan Lovells (Paris)
  • Hogan Lovells (Paris)

Quotation

Eric Paroche, Céline Verney, Structural remedies: The European Commission approves a $30 billion horizontal merger in the aviation industry, subject to the divestment of several businesses in actuators, pilot controls, ice protection and oxygen systems (UTC / Rockwell Collins), 4 May 2018, Concurrences N° 1-2020, Art. N° 92990, pp. 116-118

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