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Mergers: Commission clears acquisition of joint control of Yanmar Credit by SMFL and Yanmar  

15/06/2021 | Economia |  Daily News 14 / 06 / 2021

Source: European Commission Spokesperson's Service  


The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Yanmar Credit Service Co., Ltd. (‘Yanmar Credit') by Sumitomo Mitsui Finance and Leasing Co., Ltd. (‘SMFL') and Yanmar Holdings Co., Ltd. (‘Yanmar'), all of Japan. Yanmar Credit offers financing services in Japan. SMFL offers a variety of financing services to its customers, including leasing services, rental services and instalment sales services. 

Yanmar is active in the sale of engines used in a wide variety of applications, energy systems and generators, as well as agricultural machinery, compact construction equipment, components and boats. The Commission concluded that the proposed acquisition would raise no competition concerns, given that Yanmar Credit does not carry out any activities, nor does it have any assets in the European Economic Area (‘EEA'). Therefore, the proposed acquisition does not give rise to any horizontal overlaps or vertical relations between the companies in the EEA. 

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.10275.

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