12/02/2013 (Agence Europe) - Mergers: IPH/PAI. On 12 February 2013, the European Commission gave the go-ahead to the PAI Partners S.A.S. (PAI) of France buy-up of Industrial Parts Holding SAS (IPH), also of France, by way of purchase of shares. PAI is an investment company that buys up medium and large-sized companies registered or managed in Europe. IPH sells industrial goods in France, Germany, the Netherlands, Belgium and Romania. (OL/transl.fl)