The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Chassis Brakes International B.V. (CBI) of the Netherlands by Hitachi, Ltd (Hitachi), through its subsidiary Hitachi Automotive Systems, Ltd. (HIAMS), both of Japan.

 

CBI focuses in the production and supply of brake components for passenger and light commercial vehicles. Hitachi, a multinational conglomerate company, operates several business segments, such as information and telecommunication systems, financial services, power systems, electronic systems & equipment, automotive systems, construction machinery.HIAMS focuses on the production and supply of automotive products and technologies, including brake components for passenger and light commercial vehicles.

The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited overlaps of the companies' activities. The transaction was examined under the simplified merger review procedure.

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