On Friday 1 June, the European Commission approved the acquisition of General Electric Industrial Solutions (GEIS) by ABB, considering that the operation would not bring about a competition distortion in the European Economic Area (EEA).
The two companies, which are both active in the production and sales of electrical components and systems, notified the transaction to the Commission on 20 April of this year.
Following an examination of the acquisition, the institution took the view that...