Mother of All Bureaucracies Gives Marriage Blessing to UGS
In an announcement that took nobody by surprise the European Union has approved the proposed merger of UGS and Siemens.
In a bit of understatement, the Commision said:
The Commission’s examination of the proposed transaction showed that the limited horizontal overlaps resulting from the merger would not give rise to competition concerns since a sufficient number of alternative competitors would remain active on the markets concerned.
