The European Commission has cleared under the EU Merger Regulation file proposed acquisition by Saab AB of Ericsson Microwave Systems AB

Interavia Business & Technology, Autumn, 2006

The European Commission has cleared under the EU Merger Regulation file proposed acquisition by Saab AB of Ericsson Microwave Systems AB. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

The Commission's examination of the proposed transaction showed that it would not lead to any horizontal overlaps among, the parties' activities. Given Saab's and BAE Systems' established presence in defence products with integrated radar systems (e.g. combat aircraft and surface-to-air missile systems), the Commission also examined the impact of the proposed transaction on vertically related markets and concluded that if would not risk impeding effective competition on any of those markets.