Press Release: Mergers: Commission approves proposed acquisition of Philips branded PC monitors and electronic displays business by TPV

The European Commission cleared under the EU Merger Regulation the proposed acquisition of the branded PC monitor and electronic displays (digital public signage) business of the Dutch company Koninklijke Philips Electronics N.V.(Philips) by TPV Technology Limited, a manufacturer of monitor displays based in Bermuda. Digital public signage products are electronic displays installed in public spaces, which transmit images for the purpose of entertainment, information or advertising. 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.