The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Austrian company MCE AG by German-based Bilfinger Berger AG, both active in industrial services and the installation of high pressure pipes.
The Commission's investigation of the proposed transaction found competition concerns in the German/Austrian market for the installation of high pressure pipes. In order to address the competition concerns identified by the Commission, Bilfinger Berger offered to divest its subsidiary MCE Energietechnik GmbH and also transfer a large MCE high pressure pipe project from another MCE subsidiary to the Divestment Business.
The Commission concluded that the commitments offered by Bilfinger Berger would remedy its competition concerns and that therefore the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
IP/09/1978 - 18 December 2009