Ansamed

(ANSAmed) - BRUSSELS, NOVEMBER 23 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Industrias Derivadas del Aluminio S.A. (Indal) of Spain by Philips of the Netherlands. he proposed transaction was notified to the Commission on 17 October 2011.

The Commission concluded that the proposed transaction would not raise competition concerns because the merged entity would continue to face sufficiently strong competition from other well-established manufacturers in the markets for lamps, light fixtures, light fixture components, light-emitting diodes (LEDs) and LED modules.

Philips is a diversified group active in the fields of healthcare, lighting and consumer lifestyle having its headquarters in the Netherlands. Within the lighting sector, it is active in the production, development and sale of general purpose lamps, light fixtures and components for light fixtures as well as solid-state lighting and special lighting applications.

Indal is a Spanish industrial holding active in the field of professional lighting. The group primarily focuses on technical lighting which includes industrial and outdoor applications for the industrial sector, road and amenity as well as interior lighting and integrated ceiling products for the industrial and professional sectors. (ANSAmed)