The European Commission has approved the proposed joint venture between Freudenberg and Trelleborg. The joint venture, Trelleborg Vibracoustic, combines the two companies' anti-vibration systems for passenger cars and commercial vehicles. The Commission determined that the joint venture will be constrained by strong competitors in the market for the supply of anti-vibration systems for automobiles. Consumers can also exercise competitive constraints on the joint venture, through tender-like procedures to select suppliers.
Full content: EC Press Release
Related content: When Does a Joint Venture Act as a Single Economic Entity? (Gregory Werden, DOJ)
Want more news? Subscribe to CPI's free daily newsletter for more headlines and updates on antitrust developments around the world.