commiss decis januari declar concentr compat common market function eea agreement case comp bosch rexroth 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 august initi proceed case regard opinion advisori committe concentr juli commiss receiv notif propos concentr pursuant articl regul eec propos transact robert bosch gmbh bosch intend acquir control mean articl regul mannesmann rexroth ag rexroth rexroth subsidiari mannesmann atec ag atec mannesmann ag hold compani examin notif commiss conclud notifi oper fell scope regul eec rais doubt compat common market function eea agreement commiss decid august articl regul initi proceed pursuant articl regul articl eea agreement advisori committe discuss draft decis decemb parti bosch oper internation field motor vehicl technolog commun technolog consum durabl electr tool electr household applianc produc good autom technolog packag machin rexroth oper subsidiari field hydraul hydraul drive open close loop control compon power unit system pump motor gear technolog autom electr control drive compon movement control technolog ii oper background concentr mannesmann spring vodafon airtouch plc purpos takeov establish intern telecommun supplier mannesmann decid subsequ shed engin automot activ purpos hive compani demat vdo sach demag krauss maffei rexroth brought intermedi hold compani atec sharehold atec present mannesmann wholli own subsidiari mannesmann invest gmbh mannesmann invest siemen intend acquir sole control atec subsidiari atec immedi transact bosch acquir sole control mean articl council regul rexroth concentr subject proceed implement oper siemen acquir sole control atec acquir share share capit mannesmann hold minu share atec share capit abstain vote sharehold gener meet share acquisit made mannesmann invest sell share atec siemen result capit increas respect mannesmann renounc subscript siemen basi newli subscrib share receiv share capit atec share siemen mannesmann agre irrevoc purchas sale option respect remain atec share held mannesmann option siemen period april decemb mannesmann dai close septemb acquisit sole control rexroth bosch directli subsequ acquisit control atec siemen bosch acquir sole control rexroth busi leas contract control contract conclud bosch rexroth contract give bosch manag control rexroth busi leas contract conduct rexroth busi hand bosch oper leas undertak account articl rexroth busi leas contract purpos rexroth place undertak asset bosch dispos rental paid rexroth articl busi leas contract fix amount paid monthli irrespect econom perform leas undertak control agreement place rexroth manag control compani bosch entitl give instruct rexroth manag board quot profit share quot paid rexroth fix amount determin independ busi perform arrang bosch rexroth bosch siemen sharehold rexroth addendum supplementari consortium agreement conclud agreement secur bosch control rexroth item iii supplementari consortium agreement siemen bosch agre sole entrepreneuri respons control rexroth li bosch item iii supplementari consortium agreement siemen undertak exercis vote gener meet rexroth sharehold sole accord bosch instruct siemen ensur person appoint bosch chosen sharehold repres rexroth supervisori board item iv supplementari consortium agreement opportun risk rexroth busi includ respons financ relat sole bosch atec sharehold rexroth atec parent compani siemen right influenc regard rexroth proprietor interest rexroth limit leas incom flat rate quot profit share quot rexroth receiv iii commun dimens undertak concern aggreg worldwid turnov eur million bosch eur million rexroth eur million commun wide turnov eur million bosch eur million rexroth eur million undertak concern achiev third commun wide turnov member state concentr commun dimens constitut case cooper eea agreement iv compat common market relev product market bosch rexroth involv product market autom technolog product bosch activ autom technolog rexroth busi divis rexroth hydraul brueninghau hydromatik lohmann amp stolterfoht rexroth indramat rexroth star rexroth mecman rexroth gieβerei parti divid activ area undertak concern categori quot hydraul quot quot gear drive technolog quot quot pneumat quot quot electr drive control system quot quot linear technolog linear system quot quot assembl debur technolog quot quot tighten press fit system quot quot foundri product quot hydraul hydraul technic term transmiss power signal pressuris fluid close open system technolog hydrostat transmiss power signal static pressur fluid distinguish hydrodynam power signal transmiss effect kinet energi technolog appli drive control system basi differ design distinct made industri hydraul mobil hydraul compon industri mobil hydraul base essenti technolog approach commiss consid parti belong separ product market crucial factor differ design size work pressur life result perform requir life load capac demand made industri hydraul compon system higher design continu industri oper contrast mobil hydraul compon optimum weight shock resist mobil machin differ result differ industri industri hydraul compon gener interchang mobil hydraul compon hydraul compon hydraul power system industri gener made kei compon mechan driven hydraul pump produc hydraul energi direct mean valv convert hydraul cylind hydraul motor mechan energi inform provid parti individu compon interchang function hydraul power system parti state compon sold hydraul industri individu machin produc commiss investig shown hydraul compon extent sold system market definit provid parti larg extent confirm investig major custom bui relev hydraul compon individu technic requir custom bui compon system market investig shown individu hydraul compon gener adapt specif branch industri industri hydraul concern separ product market distinguish hydraul pump hydraul motor hydraul valv includ electron hydraul accessori hydraul power unit compon hydraul unit block case iv volvo atla industri hydraul inform provid parti industri hydraul market consist compon market market hydraul pump hydraul motor hydraul cylind hydraul valv hydraul accessori hydraul power unit compon hydraul unit block hydraul pump parti view market hydraul pump divid submarket individu type hydraul pump form market parti technic design mode oper interchang separ market axial piston pump radial piston pump vane pump gear pump gear pump hydraul pump gear work hous volum format take place tooth flank hous wall gear pump essenti design fix displac pump gear pump moder price wide speed rang rev min depend type vane pump movabl vane direct radial rotor support excentr stroke ring produc revolut increas decreas displac volum vane pump design fix displac pump variabl displac pump commiss investig confirm market divis vane pump gear pump belong market piston pump axial radial piston pump piston pump substitut gear pump gear pump fix displac pump piston pump variabl displac pump similarli custom question gear pump substitut piston pump main reason limit work pressur gear pump max bar piston pump parti view axial piston pump radial piston pump assign singl market hydraul piston pump displac principl type number differ inform provid parti radial piston pump work speed revolut minut mean unsuit driven combust engin run faster parti axial piston pump work speed revolut minut driven combust engin parti contrast radial piston pump suitabl mobil hydraul relev differ parti view relat product work pressur radial piston pump produc work pressur bar figur axial piston pump rang bar make industri hydraul pressur requir axial piston pump achiev maximum volum flow rate cm volum flow rate case radial piston pump limit cm addit radial piston pump expens produc cost price higher parti radial piston pump show wear tear axial piston pump longer mainten free life parti absenc ferrou metal radial piston pump advantag pump water base special fluid parti view differ market axial piston pump radial piston pump commiss investig shown fact axial piston pump oper higher number revolut minut factor industri hydraul industri hydraul pump part driven combust engin advantag import mobil hydraul signific industri hydraul market examin contrast higher potenti pressur greater potenti volum flow rate axial piston pump compar radial piston pump specif advantag versatil applic great major case replac radial piston pump axial piston pump extent round technic limit radial piston pump term maximum pressur volum flow rate higher cost price radial piston pump concern commiss investig shown price disadvantag custom point view offset lower wear tear wider mainten interv total life pump direct competit type specif advantag radial piston pump water base special solut great major case irrelev custom custom rare pressuris fluid hydraul power system commiss conclud signific substitut type pump design stage gener machin manufactur free opt radial axial piston pump opt type pump design machin pump accord specif requir pump type select occur rule gener machin design stage characterist pump account market investig shown purchas axial radial piston pump plai bosch rexroth foster competit term price qualiti commiss conclud purpos decis axial radial piston pump form part singl market piston pump industri hydraul valv electron valv hydraul power system control flow hydraul fluid influenc start stop direct pressur size deliveri sold individu compon part hydraul unit block hydraul power unit notifi parti view valv sold individu compon assign market valv sold part equip block hydraul power unit assign market hydraul power unit control block close valv electron sensori control system built hydraul power system electron compon sensor tailor hydraul system sold valv bosch rexroth produc hydraul valv larg number valv type perform singl multipl control function parti design properti applic interchang limit extent divid product group hydraul mechan flow control pressur control shut valv direct valv cartridg continu adjust valv proport valv servo valv hydraul mechan flow control pressur control shut valv hydraul mechan flow control pressur control shut valv control size volum flow desir system pressur shut flow direct commiss investig confirm view parti term potenti hydraul mechan flow control pressur control shut valv distinguish direct valv cartridg proport servo valv direct valv cartridg direct valv cartridg essenti control direct volum flow start stop commiss investig confirm view parti potenti direct valv cartridg distinguish hydraul mechan flow control pressur control shut valv proport servo valv continu adjust valv proport valv servo valv uniform concept cover continu adjust valv hydraul industri german usual gener term cover continu adjust flow control pressur control direct valv stetigventil continu valv english term proport valv gener term continu adjust valv depend design electr regard paramet requir control hydraul system size volum flow system pressur shut fluid flow start stop direct oil flow result hydraul system variabl input signal transform proport hydraul pneumat output signal continu adjust valv differ technic mention valv type mechan make valv switch altern left varieti individu switch stage continu adjust valv variabl fashion mention valv type complex applic purpos decis commiss take view continu adjust valv differ mention valv continu adjust clear criteria mandatori standard industri hydraul distinguish type continu adjust valv distinct princip made proport valv high respons valv servo valv proport valv spool move high precis magnet forc valv hous achiev desir control paramet variant proport exist close loop open loop form close loop open loop control valv differ technolog design extent electron appli open loop control valv contrast close loop control valv electr feedback circuit slower precis servo valv amplifi signal impuls low voltag current signal control system mean magnet oil jet nozzl insid valv deflect thin oil jet direct left spool move high precis left main valv parti view continu adjust valv belong market complet interchang function flexibl parti state respect manufactur market continu adjust valv standardis product valv hardwar characteris standardis design standard function inform provid parti type continu adjust valv demand suppli side great flexibl function continu adjust valv determin physic design depend bore valv block control valv guidanc chang volum hydraul power hydraul power system achiev mean valv function applic machin type requir parti adapt valv hardwar machin type commiss investig shown market valv divid submarket distinguish investig confirm inform provid parti standardis connect design valv type interchang function price limit market particip survei make distinct function proport valv high respons valv servo valv decid basi characterist valu dynam crossov frequenc hysteresi threshold problem addit inform provid market particip proport valv close open loop control differ regard function price proport valv close loop control faster precis higher order control task approxim half half time expens proport valv open loop control contrast open loop control servo valv rare control small volum flow rate approxim min price level close loop control proport valv close loop control servo valv consider expens control larg hydraul task high order control function question market valv individu submarket defin left open purpos decis expect domin posit develop reinforc appli conceiv market definit hydraul power unit control block hydraul power unit control block readi made independ assembl hydraul compon accessori hydraul power unit electr power electr motor thermal power combust engin convert hydraul power case rotari movement torqu engin convert hydraul pump volum flow pressur hydraul power unit consist engin pump valv hydraul unit block accessori control block metal block accommod valv incorpor addit connect requir function control block fit block link line featur control block compact design small number seal hydraul power unit control block manufactur sold complet form assembl industri equip machin tool question control block power unit form joint market separ market left open purpos decis anticip domin posit develop reinforc appli conceiv market definit mobil hydraul basi breakdown industri mobil hydraul commiss take view purpos decis separ compon market hydraul pump hydraul motor mobil cylind hydrostat gearbox mobil valv electron hydraul accessori mobil valv commiss investig confirm view parti mobil valv divid submarket high integr function valv control block hand special design valv special task question compon market pump motor divid left open domin posit establish reinforc market definit electr drive control parti view electr drive control view technolog design assign market servo drive frequenc convert digit control servo drive servo drive packag consist control devic servo motor posit speed control feedback perform control drive task question servo drive electr drive control form joint market separ market purpos decis left open anticip domin posit develop reinforc appli conceiv market definit relev geograph market distinct definit relev product market relev geograph market hydraul compon view notifi parti defin cover eea common market tariff tariff trade barrier compon low transport cost signific cross border trade internation accept norm standard commiss defin market eu wide investig case confirm purpos decis commiss defin market compris eea assess hydraul industri hydraul pump piston pump rexroth lead manufactur axial piston pump sell axial piston pump eea bosch lead manufactur radial piston pump sell radial piston pump eea except model parti manufactur pump type total market type piston pump bosch share rexroth share biggest competitor parker market share denison eaton smaller competitor wepuco amp lt haw amp lt competitor inform suppli parti eea wide market worth eur amp lt million high combin share market factor outlin rais doubt plan concentr compat common market concentr lead manufactur combin market share time share biggest remain competitor parker denison eaton parti supplier offer radial axial piston pump kei compon industri hydraul commiss enquiri establish custom expect supplier provid compon machin technic sophist machin demand closest interplai compon custom competitor estim competit produc enter market year commiss conclud concentr creat domin posit held bosch market piston pump gear pump overlap market gear pump bosch manufactur pump vane pump market vane pump parti market share bosch rexroth biggest competitor parker eaton denison berama concentr eaton denison higher market share parti market competit concern aris hydraul valv electron total market valv parti combin share rexroth bosch main competitor parker amp lt moog amp lt eaton vicker amp lt ato amp lt denison amp lt bosch rexroth competitor busi world oper branch industri hydraul market valv highli fragment largest supplier account market remain share divid larg number small manufactur except ato produc servo valv undertak manufactur rang product assum compet produc posit increas market share parti attempt charg higher price hydraul mechan flow control pressur control shut valv market hydraul mechan flow control pressur control shut valv parti market share bosch rexroth competitor parker denison eaton amp lt ato amp lt smaller market share undertak competit potenti constrain parti competit behaviour recit seq direct valv cartridg market direct valv cartridg parti market share bosch rexroth competitor parker eaton ato amp lt lead amount domin posit bosch rexroth competit behaviour effect constrain competitor recit seq continu adjust valv proport valv servo valv market continu adjust valv competit concern aris market definit altern market studi parti reach market share share basi market leadership amount domin posit parti competit behaviour constrain competitor recit seq market continu adjust valv kind take market close loop open loop proport servo valv parti market share concentr bosch rexroth competitor moog parker amp lt ato amp lt eaton amp lt view suffici small market share featur market refer expect domin aris recit seq market proport valv take market close loop open loop proport valv parti market share concentr bosch rexroth competitor moog parker amp lt ato amp lt eaton amp lt view suffici small market share featur market refer expect domin aris recit seq market close loop proport valv take market close loop proport valv parti market share concentr bosch rexroth competitor moog parker amp lt ato amp lt eaton amp lt view suffici small market share featur market refer expect domin aris recit seq market open loop proport valv take market open loop proport valv parti market share concentr bosch rexroth competitor moog parker amp lt ato amp lt eaton amp lt view suffici small market share featur market refer expect domin aris recit seq market servo valv take market servo valv overlap bosch produc valv mobil hydraul mobil valv inform suppli parti share market mobil valv bosch rexroth volum market eur million competitor estim total volum market eur lower figur accept parti market share view suffici small market share expect domin aris electr drive control servo drive market servo drive parti market share concentr bosch rexroth market leader siemen competitor fanuc baumüller relationship bosch siemen market servo drive siemen bosch rexroth strongest competitor commiss oblig verifi plan concentr give rise joint domin posit control exercis siemen rexroth parent compani atec made competit siemen rexroth bosch restrict bosch siemen similar interest justifi coordin leas control agreement reduc siemen interest owner rexroth rent receiv independ profit bosch siemen joint financi interest rexroth oper busi entitl inform compani law oper atec lead exchang inform relev point view competit siemen entitl inform rexroth respect rent rexroth receiv bosch separ form oper busi competit conduct align exercis right inform atec order prevent inform exchang inform bosch siemen undertaken ensur appoint manag supervisori board rexroth employe siemen compani depend siemen siemen bosch ensur appoint manag supervisori board atec vdo demat sach demag krauss maffei compani depend time member manag board sharehold represent supervisori board rexroth compani depend bosch subsidiari bosch rexroth busi leas alongsid agreement structur effect parti commiss undertak exercis remain right inform atec respect hold compani suppli inform ask arrang recit ensur structur divis sphere influenc bosch rexroth siemen reason fear result concentr joint domin posit held siemen bosch rexroth commit offer parti commit order remov commiss doubt plan concentr bosch rexroth enter commit vi vi commiss bosch sell radial piston pump busi sale includ develop product divis transfer custom relat relev suppli contract buyer asset need continu busi transfer staff bosch sell busi buyer undertak independ bosch viabl exist oper european industri hydraul market possess financi resourc experi surviv activ competitor european market industri hydraul piston pump bosch safeguard transfer busi mean seri commit includ limit time claus ban bosch compet respect radial piston pump claus ban bosch poach staff claus requir bosch make good loss profit attract custom buyer approv commiss bosch intend conclud bind agreement sale radial piston pump busi commiss decis find concentr compat agreement buyer approv commiss decis bosch accept concentr put effect bind agreement sale radial piston pump busi conclud bosch entrust independ experienc truste task ensur preserv econom competit radial piston pump busi sale complet bosch transfer truste task supervis sale busi time concentr put effect sale complet asset transfer support measur truste power determin interpret contractu claus parti disagre bosch give truste assist inform recit assess commit commit offer place ensur overlap bosch rexroth share market piston pump disappear bosch dispos radial piston pump busi dispos piston pump activ concentr bosch manufactur sell rexroth axial piston pump commit submit octob ensur suffici account doubt commiss express stage merger authoris procedur possibl success continu radial piston pump busi futur buyer bosch commit sell busi exist undertak oper european hydraul market possess suffici financi resourc specif market experi ensur buyer specif capac compet hydraul busi measur relat transfer busi set articl commit import supplementari measur provid support continu bosch radial piston pump busi futur buyer bosch commit make good profit forgon buyer year ten biggest custom replac bosch radial piston pump exist mass produc machin rexroth axial piston pump bosch commit compet respect radial piston pump time ensur bosch exist clientel immedi entic parti futur buyer run period establish successfulli market bind agreement conclud sale bosch accept ban put concentr effect laid articl regul eec continu appli mean parti put concentr effect radial piston pump busi sold buyer approv commiss commiss consid commit order resolv doubt express market studi practic possibl dispos busi ban put concentr effect continu appli case measur proportion aim avoid real danger concentr complet busi dispos ad market share time automat accru parti situat rule suffici probabl competit buyer found radial piston pump busi result custom find attract long term altern custom begin turn bosch bui rexroth axial piston pump reduc market share radial piston pump situat kind develop improb market piston pump relat custom tradition intens continu ban put concentr effect promis parti commit enter ensur present market situat continu clear radial piston pump busi competit buyer concentr authoris put effect pend fulfil commit dispos asset situat aris merg undertak advantag run econom asset point practic imposs dispos situat wholli improb merg undertak expect offset result loss market share profit make gain product market possibl rule advanc bosch commit radial piston pump divis supervis independ truste time sale order ensur competit preserv commiss acknowledg parti accept long delai put concentr effect order establish special situat market radial piston pump commiss view great import econom activ parti affect concentr make clear bosch interest carri dispos approv commiss quickli adopt decis articl notifi acquisit sole control mannesmann rexroth ag robert bosch gmbh declar compat common market eea agreement condit commit enter notifi parti set annex decis fulfil articl decis address robert bosch gmbh zentralabteilung recht hd herrn ra dr dieter berg robert bosch platz gerlingen schillerhöh mannesmann rexroth ag hd herrn dr albert hieronimu jahnstraß lohr main brussel januari commiss mario monti member commiss oj corrigendum oj oj oj commiss decis comp april part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk case iv volvo atla pump fix deliveri pump variabl deliveri relat time constant time requir transform electr input signal hydraul output signal maximum differ output signal pass full signal area outward return problem final control element control circuit respons threshold constantli adjust valv case iv volvo atla recit seq except small fix displac radial piston pump produc rexroth full word commit annex form integr part decis annex full text commit refer articl consult commiss websit internet http europa eu int comm competit merger case decis de pdf