EUR-Lex & EU Commission AI-Powered Semantic Search Engine
Modern Legal
  • Query in any language with multilingual search
  • Access EUR-Lex and EU Commission case law
  • See relevant paragraphs highlighted instantly
Start free trial

Similar Documents

Explore similar documents to your case.

We Found Similar Cases for You

Sign up for free to view them and see the most relevant paragraphs highlighted.

PHILIPS / INTERMAGNETICS

M.4300

PHILIPS / INTERMAGNETICS
November 6, 2006
With Google you find a lot.
With us you find everything. Try it now!

I imagine what I want to write in my case, I write it in the search engine and I get exactly what I wanted. Thank you!

Valentina R., lawyer

Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

COMP/M.4300 – Philips / Intermagnetics

SECTION 1.2

Description of the concentration

On 14 June 2006, Philips Holding USA Inc., Jumbo Acquisition Corp. and Intermagnetics General Corporation signed an Agreement and Plan of Merger (“the Merger Agreement”). Jumbo Acquisition Corp. is a wholly owned subsidiary of Philips Holding USA Inc., which in turn is a wholly owned subsidiary of Koninklijke Philips Electronics N.V. Under the Merger Agreement Jumbo Acquisition Corp. and Intermagnetics General Corporation will merge. The Transaction will result in Philips ultimately acquiring control over Intermagnetics General Corporation and thus constitute an acquisition within the meaning of Article 3(1)(b) of the Merger Regulation (the “Transaction”).

Post-transaction, Philips will be better placed to integrate Intermagnetics’ core activities in the design and manufacture of superconducting magnets with Philips’ expertise in MRI system design and clinical applications. In addition, Philips’ global reach should allow Intermagnetics to expand its direct sales of radio frequency coils and patient monitors outside the US.

The proposed transaction relates primarily to medical diagnostic imaging equipment used to detect diseases (amongst others MRI) and high-field magnets that are included in those MRI devices. The proposed transaction will have no appreciable impact on any of the relevant affected markets identified, as it will not significantly change the current existing competitive conditions.

EUC

AI-Powered Case Law Search

Query in any language with multilingual search
Access EUR-Lex and EU Commission case law
See relevant paragraphs highlighted instantly

Get Instant Answers to Your Legal Questions

Cancel your subscription anytime, no questions asked.Start 14-Day Free Trial

At Modern Legal, we’re building the world’s best search engine for legal professionals. Access EU and global case law with AI-powered precision, saving you time and delivering relevant insights instantly.

Contact Us

Tivolska cesta 48, 1000 Ljubljana, Slovenia