Commission Clears Acquisition of Advanced Lithium Systems Europe by Atlas Elektronik and Systems Sunlight
avril 21, 2011 Laisser un commentaire
The European Commission has granted clearance under the EU Merger Regulation to the creation of a joint venture, Advanced Lithium Systems Europe S.A. of Greece, which will be jointly controlled by Atlas Elektronik GmbH of Germany and Systems Sunlight S.A. of Greece.
The activities of Advanced Lithium Systems Europe S.A. will be limited to the manufacture and distribution of exercise torpedo batteries.
Atlas Elektronik GmbH is a supplier of electronics and other equipment in the naval systems sector. Systems Sunlight S.A. is active in the design, production and distribution of batteries and energy production systems.
The transaction was examined by the Commission under the simplified merger review procedure.