EC clears the merger of aerospace equipment suppliers Safran and Zodiac
Commissioner Margrethe Vestager, in charge of competition policy, said: "Both Safran and Zodiac are significant French actors in the aeronautics markets but competition in these markets in Europe will remain strong. We can green light this transaction and the emergence of a strong European player with our EU merger rules."
Both Safran and Zodiac are active worldwide in the aerospace equipment industry. The Commission carried out a broad investigation of the markets where the companies are active.
The Commission therefore concluded that the proposed transaction would raise no competition concerns in any of the markets concerned. ■