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ADT / FORD NEXT / SNTNL

M.10589

ADT / FORD NEXT / SNTNL
February 23, 2022
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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.

SECTION 1.2

Description of the concentration

ADT LLC ("ADT"), a wholly owned subsidiary of ADT, Inc., intends to acquire joint control, within the meaning of Articles 3(1)(b), 3(2) and 3(4) of the EUMR, together with Ford Next LLC ("Ford Next") over SNTNL LLC ("SNTNL").

SNTNL intends to develop, manufacture and sell connected, intelligent vehicle security systems and related services such as third-party monitoring.

Ford Next is a subsidiary of Ford Motor Company ("FMC"). FMC is a global company based in Dearborn, Michigan. It is the parent company of the Ford Group of companies which designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is also active in electrification, autonomous vehicles and mobility solutions. Ford Next houses the self-driving vehicle business operations of Ford Group, including its self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.

ADT is a provider of security, automation, and smart home solutions based in the United States. ADT offers 24/7 professional monitoring services as well as solutions through professionally installed, do-it-yourself, mobile, and digital-based offerings. ADT is controlled by investment funds managed by affiliates of Apollo Management, L.P.

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.

EUC

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