Commission Decision of 15/10/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2507 - XCHANGE / BAE SYSTEMS / PROCUR) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 368 , 22/12/2001 P. 0012 - 0012 Commission Decision of 15/10/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2507 - XCHANGE / BAE SYSTEMS / PROCUR) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) To the notifying parties Dear Madam and Sir, Subject: Case No. COMP/M.2507 - Xchange/BAE Systems/Procur Notification of 13.09.2001 pursuant to Article 4 of Council Regulation (EEC) No.
4064/89 [1] [1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17. Publication in the Official Journal of the European Communities No. C268 of 22.09.2001. 1. On 13/09/2001, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the undertakings Xchange B.V. (NL), belonging to the General Atlantic Partners (GAP) group (USA), and BAE Systems plc. (UK) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company constituting a joint venture (Pro-cur).
Xchange will acquire joint control through its subsidiary XUK Holdco (No.2). 2. The business activities of the undertakings concerned are : - for GAP: Investments in IT, Internet and Internet-enabled businesses, human resources services. - for BAE Systems: Commercial and military aircraft, defence systems. - for the joint venture: Procurement and outsourcing services for ancillary human resources related products such as car fleet, recruitment, health care, training and stationery. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No.
4064/89 and of paragraph 4, subparagraph (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2]. [2] OJ C 217, 29.07.2000, p. 32. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89. For the Commission (signed) Mario MONTI Member of the Commission