Mergers: Commission clears acquisition of GETRAG FORD Transmissions by Ford
Daily News 04/01/2021
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of GETRAG FORD Transmissions (‘GFT’) of Germany by the Ford Group (‘Ford') of the U.S. GFT manufactures and sells manual transmissions primarily for Ford-branded light vehicles. Before thetransaction, GFT was jointly controlled by Ford and Magna International Inc. of Canada. Ford is primarily active in the manufacture and sale of a full line of passenger and commercial vehicles. The Commission concluded that the proposed acquisition would raise no competition concerns, because Ford already had joint control of GFT and the change to sole control would have no significant impact on the existing competition. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.9982.