The European Commission has cleared Midea’s acquisition of joint control of Electrolux de Mexico and the creation of three joint ventures with Electrolux in Mexico and the United States.
The deal involves Midea of China and Electrolux of Sweden taking joint control of Electrolux de Mexico S.A. de CV, known as MXP, the Commission announced on Thursday.
It also covers the creation of three joint ventures in Mexico and the US between the two companies.
The transaction relates mainly to the manufacture and supply of refrigeration and laundry appliances in North America.
Simplified review and limited impact in Europe
The Commission said it found the transaction would not raise competition concerns, citing the deal’s limited impact on the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction.
The case was assessed under the EU’s simplified merger review procedure.
More information is available in the Commission’s public case register under case number M.12454.
