GERMANY FAG ACQUISITION OF FRANCE RAN AGROUND SNFA
May 13th, 2008 | by admin |Germany FAG (now a supplementary of the Teutonic INA) fresh unconcealed to the media on the consort in mid-2002 subscribed by the acquisition of author exactitude bearings concern SNFA of the suspension.
All matters relating to the acquisition of the company, INA / FAG, SNFA, SKF, hit refused to vindicate the reasons for grounding. FAG office of the saint hit much a tight-lipped, saying, FAG crapper not currently acquire SNFA is rattling regrettable.
In past years, though not the prototypal community lapse finished the acquisition, but also in the nearby forthcoming a conventional declaration after the acquisition declaration halted the prototypal time.
France SNFA consort was supported in 1952. And their attendant products for the creation of story crapper be derived backwards to 1919. The consort is headquartered in author Valenciennes (Valenciennes), the existing employees most 400 people. metropolis in England and has offices in Turin, Italy.
Turin, Italy, the important creation supplementary 6 mm to 65 mm bearings, and the United Kingdom division mainly produces 65 mm to 280 mm bearings.
SNFA important creation machine, turbo pumps, radar, helicopters, advertizement bomb and expanse shuttles with high-precision bearings. Allegedly, FAG (INA) example organisation was to SNFA and Barden Companies (related to the company, wager this place on Dec 16, 2002 the planetary news) with its expanse appointed to the Department of ultra-precision machinery.
In analyse of this acquisition is a multinational, the land Competition Commission (Le Conseil de Concurrence) and Bonn, Germany’s agent Cartel Office ( “anti-monopoly” Board, Bundeskartellamt) and another EU organizations hit upraised an objection.
According to business sources, SKF to the agent Cartel Office submitted a conventional honor of rebut to rebut the acquisition SNFA of the FAG. The example honor of rebut that quadripartite ultra-precision components of the travel mart in particular, the dweller mart and SNFA module be monopolized by the FAG products. As for whether SKF to the land Competition Commission also submitted a kindred honor of rebut has not still been confirmed.
As a result, the agent Cartel Office full concord with the facts expressed in this honor of rebut to the acquisition SNFA FAG feat plan.
Last month, the agent Cartel Office spokesman unconcealed to the media, FAG has reserved its acquisition plan, the agent Cartel Office on the acquisition is successful, asteroid occurrence ball bearings mart module be the move of the FAG-led discussion, the test conclusions reached unanimously requested FAG suspended Its acquisition of the feat of the plan.
If the agent Cartel Office not to interact in the matter, the land Competition Commission module verify initiatives to kibosh it » In mid-2002, INA / FAG allowed to acquire a super land expose accumulation materials suppliers, but to Sept cod to the land Competition Commission institute that INA, FAG, SKF and SNR in the 1993-1997 punctuation the mart toll of the land monopoly and sequential the venture To kibosh the acquisition. The test quaternary for the monopoly companies were sentenced to a dustlike of 18.7 meg U.S. dollars and become to an end. In analyse of this, members of the land rivalry is extremely probable to acquire SNFA FAG of Wangkaiyimian.
Although the agent Cartel Office did not expose when the FAG for feat of its acquisition, but should be rattling country in mid-December terminal year.