Press Release: Mergers: Commission approves acquisition of Volvo Aero by rival GKN

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Volvo Aero of Sweden by GKN of the UK. The Commission's investigation focussed on the overlaps between the parties' activities in the production of certain aircraft engine components. The Commission's investigation confirmed that the proposed transaction would not significantly reduce the supply options available to customers of these components.