EU Commission clears acquisition of Delphi by BorgWarner

The European Commission has approved, under the EU Merger Regulation, the acquisition of Delphi Technologies PLC (‘Delphi’) of the UK by BorgWarner Inc. of the U.S. Both Delphi and BorgWarner are active in the manufacture of automotive components. The Commission concluded that the proposed acquisition would raise no competition concerns given the limited overlaps between the activities of the companies and the presence of a number of strong players in the markets affected by the transaction. The transaction was examined under the normal merger review procedure.