On 16 September 2008, the European Commission (Commission) concluded that the proposed acquisition of EPCOS, a German producer of electronic components, by TDK did not raise any competition concerns. TDK is a Japanese company active in the development, production and sale of electronic materials as well as recording media. The Commission's examination of the proposed merger primarily concentrated on the area of passive components. These are devices that offer resistance to an electric current and transform or store electrical energy. It concluded that the overlaps between the two companies were limited and the combined firm would continue to face several strong competitors with significant market shares. Further, customers would continue to have access to a number of alternative suppliers.