The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the avionics sector (Finmeccanica / BAES)

The operation BAE Systems (“BAES”) and Finmeccanica are international manufacturers of defence and commercial aerospace systems, including military aircraft, helicopters, surface ships, submarines, radar, avionics, communications, electronics and weapons systems. On 27 January 2005 Finmeccanica entered into a framework agreement involving three acquisitions by Finmeccanica, whereby: (1) Finmeccanica would integrate BAES Avionics UK with its own activities; (2) Finmeccanica would acquire BAES' military communications activities through Finmeccanica's subsidiary Selenia; and (3) Finmeccanica would acquire sole control of AMS (then jointly controlled by BAES and Finmeccanica). The proposed concentrations were notified to the European Commission under Council Regulation (EC) No. 139/2004

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Auteur

  • Added Value Capital Partners (AVCP) (Royston)

Citation

Matthew Gaved, The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the avionics sector (Finmeccanica / BAES), 14 mars 2005, e-Competitions March 2005, Art. N° 20818

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