Transportation Industry
BAE SYSTEMS-VT GROUP JV CLEARED.
Transport Europe, November, 2007
The European Commission authorised, on 17 October, the joint venture in naval surface shipbuilding and related support services between BAE Systems plc and VT Group plc, both of the UK. BAE is a company developing advanced defence and aerospace systems in the air, on land and at sea. VT is a support services and shipbuilding group.
The proposed joint venture would bring together the two remaining UK companies having the capability of designing and building naval surface ships. In addition, the parties would integrate their existing joint venture, Fleet Support Limited (which is active in naval surface ship support) into the new joint venture. The Commission's investigation showed that there has been little if any competition between BAE and VT for the design and...
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