commiss decis novemb relat proceed council regul eec case iv siemen elektrowatt notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis juli initi proceed case regard opinion advisori committe concentr june commiss receiv pursuant articl council regul eec merger regul notif propos merger siemen ag siemen intend mean articl merger regul acquir control elektrowatt ag elektrowatt purchas share letter date juli commiss inform parti decis suspend implement notifi merger articl merger regul final decis issu examin notif commiss establish notifi project fall scope merger regul rise doubt compat common market function eea agreement decis date juli commiss initi proceed articl merger regul advisori committe discuss draft present decis octob parti siemen activ area oper basic field energi product transmiss distribut system engin propuls circuit instal engin autom engin public commun network privat commun system protect engin traffic engin automot engin medic engin semi conductor passiv construct compon pipe tube electromechan compon inform technolog light technolog elektrowatt swiss hold compani subsidiari switzerland germani activ electr gener suppli build technolog secur engin telephon instal gener build oper properti manag engin servic field activ elektrowatt siemen commerci build control essenti landi amp gyr landi amp staefa secur engin cerberu engin gener oper build properti manag servic system instal equip energi suppli compani product system servic telephon instal oper card coin oper phone booth visual secur devic elektrowatt activ field electr suppli inter connect sold firm siemen ii merger siemen intend purchas elektrowatt share held crédit suiss group csg zurich elektrowatt electr suppli inter connect activ split transfer subsidiari watt ag acquir consortium german swiss energi supplier csg own elektrowatt share wide dispers share sold siemen csg make gener public sharehold public offer elektrowatt share merger caught articl merger regul siemen acquir sole control elektrowatt case public offer acquir elektrowatt share csg complet unsuccess siemen purchas elektrowatt belong csg ownership share gave csg secur major gener meet de facto sole control elektrowatt attend gener meet year occas share wide dispers iii eu wide signific siemen elektrowatt aggreg worldwid turnov ecu billion siemen ecu billion elektrowatt ecu billion aggreg eu wide turnov ecu million siemen ecu billion elektrowatt ecu billion siemen elektrowatt achiev third aggreg eu wide turnov member state project eu wide signific constitut case cooper eea agreement iv assess pursuant articl merger regul relev product market oper siemen elektrowatt overlap divid parti area activ commerci build control build secur technolog fire alarm intrus protect secur system network control technolog energi meter energi manag system rippl control transmitt receiv payphon coin card oper telephon procedur initi account competit problem field fire alarm electr heat meter rippl control transmitt receiv payphon commerci build control commerci build control meant measur control regul manag heat ventil air condit technic instal build system commerci build commerci build control includ electron electron data process system compon exclud heat ventil air condit equip econom energi effici control regul oper instal commerci build includ prepar commiss build manag system show oper distinct made market build manag system market equip compon hardwar need system market servic system equip compon build manag system equip compon build manag system divid group applianc compon interchang cabl valv valv mechan market upstream build manag system se hardwar primari product supplier system market equip compon build manag system elektrowatt activ signific scale practic purpos siemen suppli equip compon build manag system discuss need market equip compon build manag system build manag system market build manag system cover develop manufactur system control regul heat ventil air condit hvac commerci build commiss show oper build manag system develop suppli customis basi light requir case suppli final custom commiss carri product manufactur subsidiari branch wholesal undertak hvac sector client segment differenti offic build hospit univers school specialis industri hotel pure residenti build complex build manag system servic build manag system downstream market build manag system market servic system cover mainten repair replac modernis oper control debug build instal system manufactur compani work suppli servic build manag system part guarante newli instal system peopl build manag system servic competitor custom conclud contract supplier servic market servic build manag system cover servic build secur technolog build secur technolog cover fire alarm intrus protect burglar alarm system access control secur system build secur technolog instal primarili offic industri build hospit hotel field distinct made market equip compon market system instal market servic equip compon build secur technolog elektrowatt significantli activ market build secur technolog equip compon siemen basic manufactur equip compon sell parti small scale germani aggreg market share siemen elektrowatt cerberu germani member state eea elektrowatt market share equip compon market share aggreg appli discuss need market equip compon build secur system build secur instal fire protect instal intrus protect build secur instal market build secur instal system cover modif plant accord specif requir custom fit commiss show oper instal system commiss ascertain fire alarm instal form separ product market intrus protect system instal serv purpos case interchang custom point view contrast build secur instal fire protect instal frequent requir law insur compani sensor ionis optic thermal intrus protect instal sound ultrasound infrar radar custom primarili requir straightforward fire protect system hospit small commerci establish admittedli tendenc fire alarm system integr build secur instal larg firm govern offic gener requir intrus protect access control fire protect system work smoothli achiev fire alarm safeti instal purchas sourc part instal manufactur custom prefer clear custom prefer bui secur technolog manufactur attach import bui supplier event larg supplier deliv fire protect intrus protect build secur instal tendenc integr separ product market fire protect instal hand intrus protect secur instal assum servic build secur instal establish servic fire alarm instal intrus protect secur system form independ product market class system market servic includ mainten repair replac modernis perform monitor debug secur instal mainten build secur instal carri manufactur custom prefer reliabl bug free oper instal fastest debug extrem relev secur smaller firm carri mainten servic question servic build secur instal form independ market decid separ market assum problem competit energi meter rippl control technolog energi manag system network control technolog command control equip energi supplier command control equip power suppli compani cover equip system instal monitor control power energi network network control system record control energi consumpt command control equip product group number record technolog divid applic energi meter mechan electron meter meter system record quantiti electr ga heat consum explain parti electr ga heat meter form independ relev product market technolog custom categori differ custom energi meter respect energi supplier electr ga district heat compani ga meter market ga meter affect merger siemen market share unit kingdom activ sector elektrowatt manufactur ga meter electr meter market electr meter cover mechan meter built ferrari principl electromechan meter hybrid meter electron meter distinct drawn basi applic meter tariff custom household small consum meter industri custom high end meter high end domain compris field applic special high technic requir meter measur exchang current high voltag grid electr produc case household small consum low voltag electr subject tariff mechan meter rate western central europ except franc netherland unit kingdom scandinavia contrast electron meter primarili household industri final consum electron meter primarili eea high end categori electron meter meter electron measur system count mechan competit term price function tradit equip built ferrari principl electron meter greater function rang broader applic spectrum mechan electromechan meter technic implement tariff schedul introduct complex custom charg facilit electron meter highlight substanti advantag major custom survei compar mechan electron meter sensit oper affect fluctuat voltag frequenc temperatur advantag electron mechan meter lack sensit environ smaller dimens space save equip multifunct instal possibl combin meter rippl control receiv timer cost save read techniqu remot read disadvantag reckon shorter calibr period higher breakdown rate higher purchas price mechan altern current phase meter built ferrari principl narrow definit market basi field applic inappropri take account differ mechan electron meter domest field princip ferrari meter continu rate central europ gener expect diversif tariff acceler spread electron meter case manufactur decad higher cost present electron meter compar altern current phase meter obstacl increas household prove econom total cost basi lower instal administr outlai compar mechan meter account argument increas electron oppos mechan meter price gener fallen past year result constant technic improv greater competit supplier custom expect trend continu commiss assum uniform market cover type electr meter tradit ferrari hybrid electron heat meter heat meter applianc measur consumpt thermal energi flat hous industri municip build equip mechan vane mechan electron measur ultrasound mechan meter increasingli replac sphere electron commiss assum uniform market cover mechan electron heat meter energi manag system energi manag system instal record control monitor electr consumpt custom system princip power suppli compani larg industri firm energi manag system optimis consumpt aim instanc exploit cheap rate period avoid flatten consumpt peak rippl control transmitt receiv aid rippl control transmitt receiv multi tariff meter consumpt equip central control switch transmiss devic rippl control unit instal power suppli compani receiv site multi tariff meter consumpt equip rippl control transmitt increasingli incorpor meter system instal current consum devic custom rippl control transmitt receiv chiefli power suppli compani network control technolog network control technolog meant develop engin deliveri instal mainten servic control system public power ga water district heat network instal consist computeris central control station network control station facil geograph separ part network transform substat switchgear power station remot control remot control station control technolog network control technolog includ equip control network control system power suppli field switch instal overload protect equip transform custom network control technolog essenti power suppli compani network control technolog instal tailor specif requir individu custom network develop time differ term commerci organis justif divid sector separ relev product market type network control basic control technolog network control instal differ view complex size equip design instal mainten carri supplier commiss investig smaller firm network control technolog field simpli carri mainten network control technolog instal commiss assum market network control technolog public industri power ga water district heat network compris design instal mainten instal payphon payphon publicli access telecommun termin equip gener public suppli telecommun servic consider payphon distinguish firstli mode payment coin oper phone phone prepaid phone card credit card telephon combin telephon combin coin card phone phone type card circumst separ market form depend mode payment manufactur suppli phone import payment mode coin phonecard credit card phone custom telephon abovement payment mode condit competit payphon mode payment differ expect payphon mode payment continu demand instanc phonecard telephon credit card telephon appeal end user coin oper telephon disappear distinct made public privat payphon public payphon telephon instal oper telecom compani state own privat oper public telephon network authoris result liberalis princip locat public unsupervis place outdoor access round clock privat payphon termin equip oper telephon compani privat undertak independ set rate higher public payphon locat privat properti indoor access time complet liberalis telecommun maintain telephon instal network consist public payphon part basic suppli privat payphon definit profit suit ensur nationwid basic telephon suppli popul commiss assum product market public privat payphon fundament differ public privat payphon li addit secur measur need public payphon public payphon robust payphon instal indoor restaur airport govern build danger vandal manufactur cost unsupervis public payphon higher privat payphon time high commiss assum product market public privat payphon public payphon public payphon found public domain princip street public place telecom compani frequent subject privatis state regul oblig provid basic suppli payphon public domain addit extra secur measur requir manufactur cost unsupervis public payphon higher privat oper public payphon profit account higher cost declin demand inter alia ow grow spread mobil phone field larg custom decis basi market criteria market public payphon essenti determin custom procur polici purchas decis decis influenc market share privat payphon market privat payphon complet competit structur public payphon privat payphon oper privat properti wide varieti firm instanc privat payphon oper owner restaur pub hotel privat payphon network servic station oper privat payphon free decid oper payphon expect direct indirect profit relev geograph market commerci build control build manag system undertak involv market commerci build control cover entir eea reason barrier market entri low product servic basic eea differenti basic order countri specif differ aris result climat condit statutori administr provis individu member state affect cross border trade addit europ wide standard drawn european committe standardis cen shortli forc field decis elektrowatt landi amp gyr commiss mention reason accept nation market conclus defin geograph market commiss recent enquiri essenti confirm parti submiss introduct ce standard cover product document servic manual regulatori differ member state increasingli smaller global manufactur point respect progress standardis lead product design unit state eea local presenc proxim custom continu advantag mainten concern internation activ supplier combin central product plant nation sale organis differ distribut market share member state put histor presenc number nation establish supplier argu accept eea wide market demand develop instal complex build manag system eea sever restrict technic legal natur exist assum abovement decis price differ signific servic instal equip mainten work carri site price strongli influenc nation labour cost geograph peculiar climat condit southern member state warrant narrow definit market build manag system larg supplier adapt condit oper requir project differ markedli climat relat requir affect final configur system basic function reason commiss assum eea wide market build manag system servic build manag system mention local presenc supplier advantag servic concern event malfunct custom requir respons half dai gener satisfi advic telephon build manag system princip servic nation activ small undertak intern system manufactur commiss assum nation market servic build secur technolog parti design entir area eea relev geograph market build secur technolog reason build secur product suppli demand basic differ countri order specif field form equip requir differ nation provis field european standard forc addit expect shortli lead harmonis commiss enquiri confirm trend europeanis area strong evid exist nation market european countri approv recognit system secur technolog field mean countri separ test recognit procedur initi fire alarm european standard en fire alarm regard lowest common denomin rule suffic secur recognit member state supplier germani franc belgium addit local requir met germani approv recognit vd verband der sachversicher unit kingdom franc austria itali spain scandinavia local instal standard exist fire alarm system fit local fire brigad infrastructur ireland greec local fire brigad involv plan stage commiss assum market fire alarm system nation intrus protect build secur instal intrus protect build secur instal bear ce mark europ hardwar trade europ actual hardwar govern individu countri rule addit requir nation authoris author insur associ exist belgium germani spain franc ireland netherland unit kingdom belgium franc greec ireland transmiss equip approv respect telecom compani intrus protect system fit nation polic infrastructur commiss conclus market intrus protect build secur instal likewis nation servic fire alarm intrus protect build secur instal equip market market servic build secur instal nation case equip market geograph proxim custom plai import part case servic proxim fault put quickli energi meter rippl control technolog energi manag system network control technolog command control equip energi supplier electr meter parti maintain eea relev geograph market electr meter reason year ago market electr meter separ nation market predominantli nation product compani landi amp gyr busi europ maintain manufactur plant european countri condit chang fundament custom longer attach import presenc manufactur countri demand qualiti servic short deliveri period high degre function greater economi altogeth favour price perform ratio lead level market price europ concentr product supplier market entri cost event fallen consider case electron meter nation authoris standardis provis constitut signific market entri barrier affect fundament develop construct energi meter commiss enquiri reveal strong trend europeanis respect electr meter parti number supplier activ europ member state success place market iskra emeco compani slovenia show market electr meter increasingli intern custom oblig case larg procur contract tender europ wide basi pursuant util direct larger electr suppli compani invit tender electr meter requir europ wide basi contract perform nation level supplier member state establish local sale agenc market product sale organis manufactur presenc member state concern regard presenc nation represent decis factor choic supplier custom survei state consid highli advantag work time deliveri spare part technic standard govern electr meter concern distinct made european standard electr meter en mechan altern current activ power meter categori en electron altern current activ power meter precis categori en electron altern current activ power meter precis categori en electron altern current reactiv energi meter precis categori member state germani austria unit kingdom coupl nation standard din en provis bs en provis nation provis meter particular note meter read made transcrib member state except denmark finland luxembourg electr meter approv denmark nation approv provis electr meter schedul enter forc august approv condit laid respect nation provis case detail type specif approv provis germani netherland austria calibr fix toler electr meter guarante accuraci meter read serv protect final consum subject matter nation rule calibr recalibr period toler electr meter differ member state branch nation level special technic requir special statutori provis calibr toler nation approv procedur reason narrow nation market delimit demand exercis europ wide tender suffici justifi accept meter market nation charact remain open question propos merger result eea individu member state creation strengthen domin posit heat meter legal factual framework heat meter correspond electr meter special nation technic requir special statutori provis govern calibr toler nation approv procedur custom case larg procur procedur oblig tender europ wide basi accord util direct parti number supplier activ europ rate member state remain undecid market heat meter nation eea market propos merger result eea individu member state creation strengthen domin posit rippl control transmitt receiv rippl control transmitt receiv member state commiss enquiri establish requir govern rippl control transmitt receiv larg europ market entri barrier due countri specif technic requir nation approv provis commiss assum eea wide market rippl control transmitt receiv energi manag system commiss enquiri establish requir govern energi manag system larg extent similar europ requir exist compani countri specif market entri barrier due countri specif technic requir commiss assum eea wide market energi manag system network control technolog parti maintain relev geograph market network control technolog eea reason intermediari trade eea hinder import restrict low transport cost make financi worthwhil suppli good central manufactur plant organis market polici major supplier network control technolog characteris uniform industri standard result univers electron data process data system technolog remain nation approv requir standard affect base develop construct network control system supplier meet nation specif deregul liberalis energi market exert addit price pressur purchas network control technolog spell end nation procur prefer lastli commiss recognis decis septemb case iv gec alsthom nv aeg compar effect deregul market network control compon power gener plant commiss enquiri confirm parti standpoint technic standard network control technolog larg ident exist countri specif requir longer plai decis role procur polici power suppli compani base europ wide call tender encompass plan design build commiss complet partial network control system determin factor decid bui price specif qualiti product servic compani specif requir lead prefer manufactur event extens replac exist system explain market share individu member state custom supplier survei share parti point view commiss assum eea wide market network control technolog payphon notifi parti geograph market payphon eea wide reason give larg ident technolog payphon worldwid differ nation access condit standard constitut barrier market entri affect base payphon develop construct technolog lead supplier payphon produc equip satisfi nation approv criteria custom requir differ market share level european countri explain histor purchas behaviour state own monopoli telecommun oper increas liberalis telecommun market signific grow competit pressur lead cost consciou purchas behaviour part telecom oper public payphon past market public payphon nation public payphon oper state own telephon author nation product specif made difficult supplier public payphon suppli member state order small group domest supplier supplier high market share countri foreign supplier suppli domest market nation subsidiari establish market procur polici promot emerg payphon network specif technic standard exist todai member state public payphon field liberalis except finland sweden unit kingdom countri sector liberalis respect previous state own telecom compani exert strong influenc telecom compani oper liberalis market public payphon demand payphon network specif technic standard payphon supplier fulfil specif technic standard secur philosophi differ markedli countri separ payphon model develop major member state question nation market assum public payphon left open point merger siemen elektrowatt appreci competit effect market public payphon germani suffici examin germani regard separ relev geograph market import structur featur public payphon sector germani deutsch telekom past procur todai procur public payphon exclus undertak establish germani behaviour forecast period expect contract develop manufactur cardphon system replac current gener card phone deutsch telekom domest supplier siemen landi amp gyr europ wide tender award contract germani genuin commun competit public payphon sector contract develop manufactur cardphon system award siemen landi amp gyr europ wide tender procur public payphon forecast period view current structur featur public payphon sector germani german market regard separ relev geograph market purpos merger creat domin posit significantli imped effect competit privat payphon privat payphon sector market competit condit differ consider member state relat payphon densiti sector liberalis member state itali previous state own telecom compani continu control larg part market competit privat supplier increas privat payphon network secur measur control station link network softwar privat supplier free choos standard softwar multin privat supplier oper countri system instal interfac respect commun network commiss assum eea wide market privat payphon assess commerci build control build control system siemen elektrowatt activ market build control system parti estim volum market eea put ecu billion merger result aggreg market share elektrowatt landi amp staefa siemen parti honeywel usa honeywel johnson control usa johnson lead supplier build control system honeywel johnson regard world market leader eea honeywel johnson market share approxim signific competitor ta control danfoss oper chiefli scandinavian countri commiss estim market share remaind eea activ competitor focu member state achiev market share categori includ satchwel unit kingdom franc kieback amp peter germani sauter germani franc priva netherland commerci build control market overlap number neighbour market heat ventil air condit instal comput softwar technolog electr instal technolog industri process control technolog build secur technolog compani activ area potenti competitor enter commerci build control market view exist number competitor includ financi strong compani world market leader regard potenti market entri neighbour sector expect siemen elektrowatt occupi domin posit market build control system result merger servic hold true market servic build control system servic carri compani suppli instal system number small region activ compani specialis servic parti elektrowatt landi amp staefa activ extent servic field eea market share siemen carri servic germani belgium luxembourg market share build secur technolog fire alarm commun wide market volum fire alarm notifi parti approxim ecu billion largest nation market germani market volum approxim ecu million franc approxim ecu million unit kingdom approxim ecu million signific increas market share area germani denmark siemen market share luxembourg netherland austria elektrowatt activ countri equal elektrowatt market share finland franc portug sweden siemen activ countri increas market share likelihood mere disappear potenti competitor lead creation domin posit evid suggest siemen elektrowatt occupi domin posit countri market number competitor market share excess time time newcom enter market includ american firm tyco notifi aggress competitor posit relev nation market assess germani siemen market share fire alarm germani approxim market leader elektrowatt cerberu repres field germani market share articl notifi merger siemen ag elektrowatt ag declar compat common market function eea agreement subject condit commit parti set recit decis fulfil articl parti requir report commiss fulfil condit articl decis articl decis address siemen ag wittelsbacherplatz münchen brussel novemb commiss karel van miert member commiss oj correct version oj oj oj commiss decis februari case iv elektrowatt landi amp gyr oj delin market made decis confirm greatest extent investig case parti competitor footnot oj part text edit ensur confidenti inform disclos elektrowatt hold share sauter vote right paragraph decis iv elektrowatt landi amp gyr footnot establish elektrowatt influenc conduct sauter