Press Release: Antitrust: Commission makes legally binding commitments by Siemens and Areva concerning nuclear technology markets

The European Commission has made legally binding commitments offered by Siemens AG and Areva SA to reduce the product scope and duration of a non-compete obligation in the market for nuclear technologies. The Commission had concerns that the non-compete obligation might prevent competition, in breach of EU antitrust rules. After market testing the commitments offered by Siemens and Areva, the Commission is satisfied that they address its concerns and has closed its investigation.