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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 19/06/2014

In electronic form on the EUR-Lex website under document number 32014M7257

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 19.6.2014 C(2014) 4260 final

PUBLIC VERSION

SIMPLIFIED MERGER PROCEDURE

To the notifying parties:

Dear Madam and Sirs,

1.On 22.05.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which funds managed by affiliates of The Carlyle Group ("Carlyle", USA), through their indirectly owned special purpose vehicle CEP IV Participations S.à.r.l. (Luxembourg), and PAI partners S.A.S. ("PAI", France), through their dedicated private equity funds, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Customs Sensors and Technologies business unit ("CST"), a division of Schneider Electric SA (France) by way of purchase of shares in entities that form part of the CST: Custom Sensors & Technologies, Inc. (USA) and Crouzet Automatismes S.A.S (France).

The business activities of the undertakings concerned are:

-- for Carlyle: global alternative asset management;

-- for PAI: private equity funds management;

1OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

2.- for CST: manufacture and distribution of electrical and electronic components, in particular sensors, switches, fractional horsepower DC motors and certain automation and control equipment.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.

For the Commission

(Signed) Alexander ITALIANER Director General

2Publication in the Official Journal of the European Union No C 166, 03.06.2014, p. 8.

3OJ C 366, 14.12.2013, p. 5.