Press Release: Mergers: European Commission approves acquisition of automotive textile manufacturer Michel Thierry Group by automotive supplier Johnson Controls

The European Commission has approved under the EU Merger Regulation the acquisition of Michel Thierry Group (MTG), a manufacturer of automotive textiles, by Johnson Controls Inc. (JCI), a supplier of automotive components and systems. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.