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Image header Agence Europe
Europe Daily Bulletin No. 7690
Contents Publication in full By article 24 / 43
GENERAL NEWS / (eu) eu/competition

Commission authorises 3M (USA) to acquire Quante (Germany)

Brussels, 03/04/2000 (Agence Europe) - On Monday, the Commission approved the acquisition of Quante, a producer and supplier of telecommunications and data transmission elements, by the Minnesota Mining & Manufacturing Company (3M), a global diversified manufacturer of mainly electronic and communications equipment. The combined market shares of the companies are lower than 15% in product segments for which there is an overlap, namely fibre optic connectors, closures and terminating systems. Despite this improvement in the position of 3M, the European competition services consider there is no creation or strengthening of a dominant position.

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