European Commission officials have approved, using the EU Merger Regulation, the acquisition of sole control of Chassis Brakes International (CBI) of the Netherlands by Hitachi, through its subsidiary Hitachi Automotive Systems (HIAMS).
CBI focuses on the production and supply of brake components for passenger and light commercial vehicles. Hitachi, a multinational conglomerate company, operates several business segments, such as information and telecommunication systems, financial services, power systems, electronic systems & equipment, automotive systems, as well as construction machinery.
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HIAMS focuses on the production and supply of automotive products and technologies, including brake components for passenger and light commercial vehicles.
The Commission concluded the proposed acquisition would raise no competition concerns because of the limited overlaps of the companies’ activities.
The transaction was examined under the simplified merger review procedure.
Hitachi Automotive Systems recently announced a partnership for collaboration with Plug and Play, a global innovation platform.
Through the collaboration, Hitachi Automotive Systems will strengthen connections with leading start-ups in the mobility space including autonomous driving and connected cars.
