02/03/2005 (Agence Europe) - The joint take-over of the Austrian company I&T by 3M Österreich Gesellschaft, which is controlled by the American 3M, and New Magna Investment, a Belgian subsidiary of the Canadian Magna International, has been authorised by the Commission. 3M is active in many fields, especially industrial and healthcare products and office furniture. Magna is an automotive producer which develops and makes component and systems for light vehicles, in North and South America, Europe and Asia. Until now, Magna was the sole owner of I&T, which produces and sells printed circuit boards for the automotive industry, mainly in Austria, Germany and Slovakia. The operation was examined under the simplified procedure.