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ARTICLE · 06 DECEMBER 2023

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Brussels Regulatory Brief: November 2023

K&L Gates
K&L Gates
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The companies are two global suppliers of signalling systems for mainline and urban railway networks. The US$1.8 billion transaction was announced in August 2021 (Transaction).

European UnionAntitrust/Competition Law
K&L Gates
K&L Gates
Mélanie Bruneau
Mélanie Bruneau
Francesco Carloni
Francesco Carloni
Giovanni Campi
Giovanni Campi
Nikolaos Peristerakis
Nikolaos Peristerakis
Antoine De Rohan Chabot
Antoine De Rohan Chabot
Michael Hofmann Dr.
Michael Hofmann Dr.
Petr Bartoš
Petr Bartoš

ANTITRUST AND COMPETITION

European Commission Approves Consolidation in the Ground Transportation Sector Subject to Remedies

The companies are two global suppliers of signalling systems for mainline and urban railway networks. The US$1.8 billion transaction was announced in August 2021 (Transaction). The Transaction was initially notified to the European Commission (Commission) on 4 October 2022. However, the parties decided to withdraw the filing on 2 November 2022 due to competition concerns raised by the Commission. The Transaction was then re-notified on 14 September 2023 and conditionally cleared by the Commission on 30 October 2023.

The Commission's investigation revealed that it would have reduced competition and led to higher prices and less innovation in the markets for rail mainline signalling projects in France and Germany. During the review of the Transaction, the parties submitted a number of economic evidence and bidding data analyses aimed at

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