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Image header Agence Europe
Europe Daily Bulletin No. 7678
Contents Publication in full By article 26 / 51
GENERAL NEWS / (eu) eu/competition

Emerson Electric may acquire Ericsson Energy Systems

Brussels, 16/03/2000 (Agence Europe) - The European Commission has authorised the American company Emerson Electric to acquire Ericsson Energy System (EES), which belongs to Ericsson, the Swedish telecommunications equipment manufacturer. Emerson Electric manufactures products for process control, automation, air conditioning, etc. EES produces -in plants in Sweden, Latin America, Asia and elsewhere- different integrated telecommunication and computer systems such as converters, power systems and temperature and humidity control systems. The European competition services consider that the market share accumulated by the two companies for this type of product is relatively low. In addition, there are powerful competitors (Lucent, Alcatel, Marconi) and buyers (Vodaphone, Telefónica, Cable & Wireless) in this market.

 

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