Press Release: Mergers: Commission approves acquisition of ThyssenKrupp Metal Forming by Corporación Gestamp, both suppliers to the automotive sector

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of ThyssenKrupp Metal Forming ("TKMF") of Germany by Gestamp Automoción, controlled by Corporación Gestamp S.L. of Spain. The Commission's investigation confirmed that the merged entity would continue to face competition from a number of other strong competitors and customers would still have sufficient alternative suppliers in all markets concerned.