The Commission has cleared under the EU Merger Regulation the proposed acquisition of Varian Inc by Agilent Technologies Inc, both of the US, by way of purchase of shares.
The Commission identified competition concerns in a number of markets in the European Economic Area (“EEA”) and through the proposed transaction the combined entity would have significant market shares in some markets.
To remedy the concerns raised by the Commission in relation to each of these markets, Agilent and Varian have made the commitment to divest Agilent's entire global micro/portable GC instrument business, as well as Varian's entire global Lab GC, triple quad GC-MS and ICP-MS instrument businesses.
In view of the remedies proposed, the Commission has concluded that the operation would not significantly impede effective competition in the EEA or any substantial part of it.
IP/10/39 – 21 January 2010