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EC clears the merger of aerospace equipment suppliers Safran and Zodiac

Staff Writer |
The European Commission (EC) has approved unconditionally under the EU Merger Regulation the proposed acquisition of Zodiac Aerospace by Safran, both global suppliers of aerospace equipment. The Commission concluded that the transaction would raise no competition concerns in the relevant markets.

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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.

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