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Image header Agence Europe
Europe Daily Bulletin No. 8295
Contents Publication in full By article 25 / 39
GENERAL NEWS / (eu) eu/competition

Green light for KKR acquisition of Siemens activities

Brussels, 11/09/2002 (Agence Europe) - The European Commission has authorised investment firm Kohlberg Kravis & Roberts to acquire four subsidiaries and three units of the German company Siemens. The subsidiaries being acquired are: Demag Cranes Components GmbH & Co. KG, Gottwald Port Technology GmbH & Co. KG, Mannesmann Plastics Machinery AG, and Stabilius GmbH. KKR will also acquire the three Siemens business units "Ceramics", "SENS" and "Metering". The Commission believes that this transaction will not present any competition concerns as KKR is not very active (and sometime not all) in the areas acquired (design of cranes, harbour logistic solutions, plastics machinery, gas springs and hydraulic dampers, technical ceramics, corporate data networks and electricity and heat meters.

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