On 19 September 2008, the US private equity company, Gores Group, won approval from the European Commission to acquire Siemens Enterprise Communications (SEN). SEN is active in the manufacture and distribution of communication products and services, including voice communication platforms and private branch exchanges (PBXs). The Commission’s investigation of the deal focused on the vertical links between SEN’s activities in PBXs and the activities of companies owned by Gores Group (which include IT services and cordless handsets). Its review led the Commission to conclude that the deal was unlikely to raise significant competition concerns. Several days later, on 25 September 2008, the Commission cleared the sale of another of Siemens’ business to Arques. Siemens Home and Office Communication Devices (SHC) produces fixed-line and internet telephone equipment, broadband devices and home media products. The principal area of overlap between SHC and Arques is in the market for set-top boxes. The Commission concluded that this overlap is limited and there were a number of strong competitors. The Commission did not consider that there was a risk of restriction on markets resulting from vertical integration because of the existence of strong competitors on all upstream markets and alternative sales channels.