Austrian sensor producer AMS on Monday, July 6, gained unconditional EU antitrust approval for its €4.6 billion (US$5.2 billion) acquisition of German lighting group Osram in its biggest ever deal.
The European Commission stated the deal would not significantly reduce head-to-head competition between the companies in the markets for optical semiconductors because of the companies’ low-to-moderate market share and other rivals in the industry.
The EU competition enforcer said fast product turnover and sophisticated buyers meant the companies do not exert significant market power, confirming a Reuters report on June 26.
It stated the combined entity would not control enough of the market to restrict rivals’ access to essential inputs.
AMS supplies Apple with sensors for its iPhones and the Osram acquisition will also help it reduce its dependence on the US firm, its biggest customer.
Full Content: Reuters
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