The Commission approved the proposed acquisition of I.R.I.S., of Belgium, by Canon Inc., of Japan. The review of this transaction was referred to the Commission by the Belgian competition authority and subsequently joined by the national competition authorities of Austria, France, Ireland, Italy, Portugal and Sweden. Canon is globally active in a wide variety of consumer and professional imaging and other electronic equipment, as well as in related software and services. I.R.I.S. develops and commercializes software related to office automation equipment and sells some related hardware and services. The Commission examined in particular the competitive effects of the acquisition in the markets for different types of portable document scanners where both Canon and I.R.I.S. are active. According to the Commission, the investigation showed that although the companies are important players in some countries, the combined entity will continue to face significant competition both in the EEA and in individual Member States. Therefore, the Commission concluded that the proposed acquisition would not significantly impede effective competition in the EEA or in any substantial part thereof. Source: Commission Press Release 18/2/2013