Acquisition of Canyon Bicycles by Groupe Bruxelles Lambert approved
The European Commission has approved, under the EU Merger Regulation, the acquisition of Canyon Bicycles GmbH (bicycle producer, seller and distributer) of Germany by Groupe Bruxelles Lambert SA (investment company) of Belgium.
The Commission concluded that the proposed acquisition would raise no competition concerns, because GBL and the companies it controls are not active in the same product and geographic markets as Canyon Bicycles, or in product markets which are upstream or downstream from those markets.
The case number is M.10125.
Read the Commission's press release of last Friday here.