Mergers: Commission clears acquisition of Takata Corporation by KSS Holdings

 The European Commission has approved under the EU Merger Regulation the acquisition of Takata Corporation of Japan by KSS Holdings of the US. Both Takata and KSS supply seat belts, steering wheels and airbags to automotive original equipment manufacturers (OEMs). The Commission's investigation concluded that the proposed acquisition will not change the competitive landscape because strong alternative suppliers such as Autoliv or ZF remain in the market. The increment resulting from the transaction is generally limited as KSS is a small player in the European Economic Area. Furthermore, Takata's market position will likely be affected by the incidents related to its PSAN inflators and the subsequent recalls in that context. The transaction was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8741.

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