EC Approves Thales/Diehl JV in Fuzes and Arming Devices
The European Commission has granted clearance under EU Merger Regulation for the efforts of France’s Thales S.A. Germany’s Diehl Stiftung & Co. KG to make a joint control acquisition involving French firm TDA Armements SAS. The operation was examined under the simplified merger review procedure.
The firms are setting up a joint venture for the production and sale of fuzes for ammunition, and safety and arming Devices (SAD) for missiles. In addition to relevant parts of TDA Armaments SAS, Thales’ Thales Munitronic BV (The Netherlands) and Forges de Zeebrugge (Belgium), and Diehl’s Junghans Feinwerktechnik GmbH & Co KG (Germany), will be added to the joint venture. See EC English release.