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Image header Agence Europe
Europe Daily Bulletin No. 9717
Contents Publication in full By article 14 / 22
GENERAL NEWS / (eu) eu/competition

Commission clears Itema's plan to buy out BarcoVision

Brussels, 04/08/2008 (Agence Europe) - On Monday 4 August 2008, the European Commission approved the planned acquisition of BarcoVision of Belgium by the Italian company Itema. Itema produces textile machinery while BarcoVision manufactures sensors and other inputs for the textiles industry. Concerned that the new entity might stop supplying competing winder manufacturers with sensors, thereby raising the prices of winders for textile mills because Itema is one of the three main companies...

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