The Commission observed that while Wipro GE is engaged in manufacturing and distributing various medical equipment and solutions including life sciences equipment and devices, GE India Technology is into multi-disciplinary research and development in various technologies such as bio-technology.
The Competition Commission has approved medical equipment firm Wipro GE Healthcare's proposed deal to acquire GE group's assets related to bio-technology and life sciences.
According to the Competition Commission of India (CCI) "the proposed combination is not likely to have appreciable adverse effect on competition in India". Under the deal, Wipro GE would acquire assets of GE India Technology Centre -- part of US-headquartered conglomerate General Electric group -- used in the research areas of bio-technology and life sciences.
Also read: Piramal, Navin Fluorine to form healthcare JV
The Commission observed that while Wipro GE is engaged in manufacturing and distributing various medical equipment and solutions including life sciences equipment and devices, GE
India Technology is into multi-disciplinary research and development in various technologies such as bio-technology. '
"Accordingly, it is observed that there is no horizontal overlap between the businesses of Wipro GE and GE India Technology Centre Ltd," CCI said in an order released today. Further, CCI noted that "the proposed combination would facilitate vertical integration of the businesses of Wipro GE as it would enable Wipro GE to sell equipment as well as provide related research and other support services in biotech and life-sciences areas".
"It is also observed that GE India Technology Centre renders 100 per cent of its services to the affiliates of GE group across the world, including India," CCI said. "Therefore, this vertical integration is unlikely to result in any appreciable adverse effect on competition," the fair trade regulator added. The 'Asset Purchase Agreement' was entered between the two companies on July 7, 2014 following which they had approached the competition commission for approval in the same month.
Anda sedang membaca artikel tentang
CCI clears Wipro GE Healthcare-GE India Technology deal
Dengan url
https://gayafashionshow.blogspot.com/2014/08/cci-clears-wipro-ge-healthcare-ge-india_31.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
CCI clears Wipro GE Healthcare-GE India Technology deal
namun jangan lupa untuk meletakkan link
CCI clears Wipro GE Healthcare-GE India Technology deal
sebagai sumbernya
0 komentar:
Posting Komentar