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Europe Daily Bulletin No. 7779

17 August 2000
GENERAL NEWS / (eu) eu/competition
Commission approves purchase of Demag, subsidiary of Mannesmann, by Siemens and Bosch

Brussels, 16/08/2000 (Agence Europe) - The European Commission has approved the joint purchase by the German firms Siemens and Bosch of the German company Mannesmann Demag Krauss Maffei. According to a Commission investigaion, the operation will neither create nor strengthen a dominant position on the market, and will only lead to a marginal increase in market share for steam turbines.

Demag Krauss Maffei is active in: machines producing plastic matter, turbines, engineering processes and...