Press Release: Mergers: Commission approves acquisition of Invensys by Schneider Electric in automation and control sector

On 29 November 2013 the European Commission approved under the EU Merger Regulation the proposed acquisition of Invensys of the UK by Schneider Electric of France. Both companies supply, in particular, automation and control systems. The Commission concluded that the transaction would not raise any competition concerns, because the activities of the two companies are complementary and the merged entity would continue to face several strong competitors in the affected markets.