Brussels, 11/12/2008 (Agence Europe) - On Wednesday 10 December, the European Commission cleared the proposed acquisition of Swedish manufacturer of hydraulic drives systems and motors Hägglunds Drives AB by Robert Bosch GmbH of Germany.
The parties' activities overlap in the hydraulic drive systems for industrial applications and hydraulic motors sectors. There is also a vertical relation between the parties as Hägglunds Drives purchases hydraulic pumps produced by Robert Bosch. The...