The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the branded PC monitor and electronic displays (digital public signage) business of the Dutch company Koninklijke Philips Electronics N.V.(Philips) by TPV Technology Limited, a manufacturer of monitor displays based in Bermuda. The Commission’s investigation confirmed that the horizontal overlap is very limited and that the merged entity would continue to face several strong, effective competitors after the proposed transaction. Furthermore, despite the creation of two vertical relationships, the merged entity would neither have the ability nor the incentive to restrict access to TPV's original equipment manufacturer products and due to the limited market presence at the downstream level of the business to be acquired, the merged company would be unlikely to engage in a strategy of closing off customers. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it.