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Image header Agence Europe
Europe Daily Bulletin No. 8981
Contents Publication in full By article 15 / 30
GENERAL NEWS / (eu) eu/competition

Green light for acquisition of car battery producer Delphi by VB

Brussels, 30/06/2005 (Agence Europe) - The acquisition of Delphi's car starter battery business by VB, the automotive battery joint venture of Johnson Controls and Bosch, a US-based global supplier of automotive components (seating, interior and instrument panels and batteries). Bosch is a German supplier of automotive technology, power tools, security, automation and packaging technology. The Commission concluded that the acquisition will further strengthen JCI/Bosch's already leading position market investigation but that this market is highly competitive, with decreasing prices resulting from overcapacity, increasing imports from outside the EEA and the purchasing power of a consolidated car industry. The market investigation indicated that this transaction will not change the competition outlook as viable alternative suppliers such as Exide and FIAMM remain.

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