Brussels, 27/09/2011 (Agence Europe) - On 26 September, the European Commission approved the proposed acquisition of MAN SE by Volkswagen AG, both of Germany. The Commission investigation into this project (notified on 22 August last) explained that the merged entity would become the number one supplier for heavy trucks in Europe and market leader with high market shares in a number of national markets. For buses, the merged entity would become the second largest supplier in Europe and market leader in some member states. On both markets, however, the new entity would have to confront a number of well-established competitors such as Daimler, Volvo, Iveco, Daf Solaris and VDL, concluded the Commission. This is also the case for marine diesel engines and industrial diesel engines, as well as for power generation engines. The parties are present in these other branches of activity but are not in direct competition. The new entity, however, will have to confront competitors such as Caterpillar, Tognum, Volvo and Cummins in this field. (FG/trans/fl)