May 11
2021
Anjum Shabbir
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20th November 2020
Competition & State Aid

Acquisition of TSA by Voith and PCSH approved

The European Commission has approved, under the EU Merger Regulation, the acquisition of Traktionssysteme Austria GmbH (electric traction motors and generators) by Voith Austria GmbH both of Austria, controlled by Voith GmbH & Co. KGaA (machines for a range of industrial applications) of Germany, and by PCS Holding AG (active through subsidiaries in rolling stock and special purpose vehicle-manufacture) of Switzerland.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited foreseen activities of the joint venture in the European Economic Area, as well as given the limited combined market positions resulting from the proposed transaction.

The case number is M.9911.

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