Decision Nº M/04/054 from Competition and Consumer Protection Commission, 2004-10-21

• Jurisdiction: Ireland
• Parties: Haskel International, Inc.,United Technologies Cooperation
• Submitted Date: 21 September 2004
• Date: 21 October 2004
• Decision Date: 21 October 2004
• Status: Preliminary investigation (Phase 1)
• Court: Competition and Consumer Protection Commission (Ireland)
• Decision Number: M/04/054

1

Determination No. M/04/054 of the Competition Authority, dated

21 October 2004, under Section 21 of the Competition Act, 2002

Notification No. M/04/054 – the proposed acquisition by United

Technologies Corporation of Haskel International, Inc.

Introduction

1. On 21 September 2004 the Competition Authority, in accordance with

Section 18 (1) of the Competition Act, 2002 (“the Act”) was notified,

on a mandatory basis, of a proposal whereby United Technologies

Corporation (“UTC”), acting through its subsidiary Hamilton Sunstrand

Corporation (“HSC”), would acquire control of Haskel International,

Inc. (“Haskel”). The notified transaction is hereinafter described as the

“proposed acquisition”.

2. The proposed acquisition is international and has been notified to the

competition authorities in Brazil and the United States. The parties’

stated intent, on the date of notification, was to also notify the

competition authorities of Austria, China, Germany, Italy and Norway.

The Parties

3. UTC, the acquiring company, is headquartered in the United States.

With its subsidiaries, UTC has global presence in the manufacture and

service industries of diverse ranges of high technology products,

including aerospace products and services; aircraft and aircraft parts

and services; elevators and escalators; heating, ventilation and air

conditioning systems; power generation products and systems;

security products, systems and services; and industrial pumps and

valves.

4. Haskel, the target, is a private company that develops, manufactures

and supplies industrial pumps, valves and related component parts

worldwide. Haskel’s products are used in a diverse range of industrial

sectors, including oil and gas, defence, aerospace, automotive,

plastics, chemicals, power generation and semiconductor.

Analysis

5. Haskel has no subsidiaries or physical presence in the State. Its

products are sold directly into the State from overseas, or sold in the

State by an independent third-party distributor. Haskel’s turnover in

the State in its most recent financial year was approximately €[less

than €500,000].