Merger control: Commission clears proposed acquisition of Siemens Enterprise Communications business by the Gores Group

The Commission has cleared the proposed acquisition of Siemens Enterprise Communications business (“SEN”), of Germany, by the Gores Group (“Gores”), of the US. Gores is a private equity investor focused on acquiring controlling interests in mature and growing businesses, mainly in the technology, telecommunications and business services in the US and Western Europe. SEN is active in the development, manufacture and distribution of communication products, services and solutions for companies and institutions. The Commission concluded that the proposed acquisition will not create or strengthen such a dominant market position that would significantly impede effective competition in the EEA or in any substantial part thereof.

Source: Commission Press Release 19/9/2008

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