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ROBERT BOSCH / SAMSUNG / JV
M.5227
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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
Robert Bosch GmbH and Samsung SDI Co. Ltd. intend to set up a full function joint venture that will develop, produce and market lithium-ion battery systems for application in hybrid electric and other electric vehicles. The parties thereby combine their know-how in the areas of lithium-ion-batteries (Samsung SDI Co. Ltd.) and drive systems for automobiles (Robert Bosch GmbH). This will enable the parties to offer to the automobile industry a technologically advanced product that meets customer demands for environmentally friendly vehicles.