M/16/042 - Molex (Koch Industries) / Phillips-Medisize Corporation [2016] IECompA m16042 (3 October 2016)

M/16/042 - Molex (Koch Industries) / Phillips-Medisize Corporation [2016] IECompA m16042 (3 October 2016)

The Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties
Acquirer: Molex, LLC (Koch Industries, Inc.); Target: Pantheon TopCo, Inc / Phillips-Medisize Corporation
Jurisdiction
Ireland
Judgment Date
03 October 2016
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition, Market Concentration

Case Brief

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Parties

Molex, LLC (Koch Industries, Inc.)

Acquirer

Pantheon TopCo, Inc / Phillips-Medisize Corporation

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the acquisition by Molex of sole control over Phillips-Medisize raises competition concerns under Irish merger control law

Ratio Decidendi

The Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

Cleared

Orders

  • The proposed transaction is cleared under Irish merger control law.