EU Commission clears digital signage merger
Bermuda-based TPV Technology have clinched a deal to acquire a division of Dutch company Koninklijke Philips Electronics to further dominate the manufacture of monitor screens used throughout the signage and display graphics industries.
Thursday, 17 Apr 2014 18:16 GMT
Big deal: Bermuda-based TPV Technology have been given the all clear take over Philips HoldCo
In a joint public statement the company’s said: “The proposed transaction would lead to a small overlap in the market for LCD branded PC monitors, where both TPV and Philips HoldCo are active; however only TPV is active in the production of PC monitors at OEM level or of cathode ray tube monitors. The Commission’s investigation confirmed that the horizontal overlap between the activities of TPV and Philip HoldCo is very limited and that, under all possible alternative market definitions, the merged entity would continue to face several strong, effective competitors after the proposed transaction.”
The Commission’s investigation confirmed that the horizontal overlap between the activities of TPV and Philip HoldCo is very limited and that, under all possible alternative market definitions, the merged entity would continue to face several strong, effective competitors after the proposed transaction”
TPV Technology are an investment holding company that designs, produces, and distributes computer monitors and flat LCD televisions around the world and also distributes its products under its own AOC and Envision brands. The European Commission has cleared the deal under the EU Merger Regulation. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
TPV has expanded since the mid 1990s to swallow up firms in China and around the world and now employs some 32,906 employees.
'''
Tags:
