On January 30, 2020, Ingersoll Rand and Gardner Denver received unconditional clearance from the European Commission with respect to the proposed combination of the Industrials business segment of Ingersoll Rand with Gardner Denver after a Phase I review. Prior to that, regulatory approval had been granted in all other jurisdictions where the merger was notified, including in the US, China, Russia, Turkey and Mexico. The Parties manufacture and market air and gas compressors, blowers and vacuum pumps for a range of industrial applications, amongst other types of equipment. CRA provided economic assistance with regards to the merger filings in the EU, China, Russia, Turkey and Mexico, assessing the horizontal overlap as well as conglomerate effects.
A CRA team including Daniel Donath, Vicki Mertzanidou, Muath Masri, Mariam Arutyunyan and Aonghus Ó Cochlain advised both Parties during the merger proceedings in the EU, China, Russia, Turkey and Mexico. Our US colleagues advised the Parties in the United States.
For more details, please see the press release by the EC here.