Press Release: Mergers: Commission approves proposed battery systems joint venture between Robert Bosch and Samsung

The European Commission cleared under the EU Merger Regulation the proposed joint venture between the German Robert Bosch GmbH and the South Korean Samsung SDI Co. Ltd. in the market for battery systems for hybrid electric and electric vehicles. 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.