3i _ Danfoss Marine Systems (Marine equipment) [2004] IECompA M04061 (27 October 2004)

3i _ Danfoss Marine Systems (Marine equipment) [2004] IECompA M04061 (27 October 2004)

The Competition Authority found no evidence that the proposed acquisition would substantially lessen competition in the marine equipment sector.

Citation
[2004] IECompA M04061
Parties
Acquirer: 3i Group; Target: Danfoss Marine Systems
Jurisdiction
Ireland
Judgment Date
27 October 2004
Procedural Posture
Merger Notification / Preliminary Investigation (phase 1)
Outcome
approved
Legal Topics
Merger Control, Marine Equipment Sector
Competition Law Merger Control Marine Equipment Sector

Case Brief

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Parties

3i Group

Acquirer

Danfoss Marine Systems

Target

Procedural Posture

Merger Notification / Preliminary Investigation (phase 1)

Legal Issues

  1. 1 Whether the proposed acquisition of 60.47% of shares in Danfoss Marine Systems by 3i Group raises competition concerns in the marine equipment sector

Ratio Decidendi

The Competition Authority found no evidence that the proposed acquisition would substantially lessen competition in the marine equipment sector.

Court Disposition

approved

Orders

  • The proposed acquisition is cleared and may proceed.