23 October 2012
Acquisition of German press manufacturer Schuler by Austrian ANDRITZ Group cleared by European Commission
On 15 October 2012, the European Commission unconditionally cleared the acquisition of the German press manufacturer Schuler AG by the Austrian technology group ANDRITZ after a Phase I investigation.The Commission examined the transaction with respect to its effects on the market for mechanical single presses for sheet metal forming. It found that in the lower pressing force ranges, a number of press manufacturers were active in Europe. In the higher pressing force ranges, the Commission found the supply to be more concentrated, but a more detailed investigation showed that the parties were not each other’s closest competitors.RBB advised ANDRITZ, working alongside Noerr LLP and Arnold & Porter LLP.