The European Commission has cleared the creation of three joint ventures by the
German company Siemens VDO Automotive AG and the Japanese company Yazaki Corporation
who want to combine their electronic electrical distribution systems operations
for passenger cars.
The deal would create two new companies handling the sale, programme management
and development of these systems for Siemens and Yazaki customers in Europe
and the USA.
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A third joint venture would be created to manufacture vehicle wiring harnesses,
to supply the other two companies.
Brussels concluded that since there are other strong competitors and the demand
side is “highly concentrated,” there would not be any competition
problems.
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