Brussels, 12/05/2009 (Agence Europe) - The European Commission has approved the acquisition of the hard disk drive business of Fujitsu Limited (part of Fujitsu HDD Business) by Toshiba Corporation. Although the transaction would render the combined entity number one producer of Mobile hard disk drive (HDD) products, in particular of 2.5" Mobile HDDs in term of market share, the Commission's market investigation revealed that the HDD market was competitive and that the transaction would therefore not give rise to competition concerns in these markets. In a press release, the Commission explained that Toshiba would continue to face significant competitors, in a market where technological progress is relatively fast, resulting in short product life cycles. Although Toshiba is active in numerous markets that are vertically linked to the market of Mobile HDDs, it is very unlikely that the newly merged company will prevent its downstream competitors access the markets of Mobile HDDs. (A.B./trans/rh)