Commission Decision of 23/12/2009 declaring a concentration to be compatible with the common market (Case No COMP/M.5668 - SAFRAN / SIA / SAFRAN ELECTRONICS ASIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) |EUROPEAN COMMISSION | Brussels , 23.12.2009 SG-Greffe(2009) D/ 10625 C(2009) 10756 PUBLIC VERSION PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE To the notifying parties: Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.5668 – Safran/ SIA/ Safran Electronics Asia Notification of 24 November 2009 pursuant to Article 4 of Council Regulation (EC) No 139/2004 [1] Publication in the Official Journal of the European Union No C 291, on 01/12/2009, p.32.
1. On 24 November 2009, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which Singapore Airlines Engineering Company (“SIAEC”, Singapore), a subsidiary of Singapore Airlines Limited (“SIA”, Singapore), will acquire joint control over Safran Electronics Asia Private Ltd, (“SEA”, Singapore) a wholly owned subsidiary of Sagem Défense Sécurité (“SDS”, France), ultimately controlled by Safran SA ("Safran", France) [2] . 2. The business activities of the undertakings concerned are: - for Safran: aerospace propulsion, aircraft equipment and defence security and - for SIA: passenger and cargo transport, engineering services related to air transportation and airport terminal services.
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(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3] . 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 (signed) Philip LOWE Director General [1] OJ L 24, 29.1.2004, p. 1. [2]The JV's share capital will be divided between SDS (51%) and SIAEC (49%). [3] OJ C 56, 05.3.2005, p. 32.