Commission Decision of 13/01/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4061 - KALYANI BRAKES / BREMBO / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 13.01.2006 SG-Greffe(2006) D/200130 To the notifying party : Dear Madam(s) and/or Sir(s), Subject : Case No. COMP/M.4061 – KALYANI BRAKES / BREMBO / JV Notification of 02/12/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004[1] Publication in the Official Journal of the European Communities No. C 314, 10/12/2005, page 10. 1. On 02/12/2005 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Kalyani Brakes Ltd (“Kalyani”, India, part of the Bosch Group) and Brembo S.p.A (“Brembo”, Italy) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company KBX Motorbike Products Private Ltd (“KBX”, India) constituting a joint venture.
2. The business activities of the undertakings concerned are : - Kalyani : manufacture of automotive braking systems - Brembo : manufacture of automotive braking systems - KBX : manufacture of braking systems for two wheel vehicles 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004[2]. 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 (EC) No. 139/2004. For the Commission, Neelie KROES signed Member of the Commission [1] OJ L 24, 29.1.2004 p. 1. [2] OJ C 56, 05.3.2005 p.32 MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE PUBLIC VERSION