FCA: Commission approves joint acquisition of EPS E-mobility

(CercleFinance.com) - The European Commission has cleared the acquisition of joint control of EPS E-mobility by FCA Italy and Engie EPS Italia (EEPS), both of which are Italian.


EPS E-mobility develops technologies for electric and hybrid vehicles by providing innovative charging solutions. FCA Italy is part of the Fiat Chrysler Automobiles group. EEPS provides micro-grid solutions, energy storage systems for renewable energy producers and e-mobility services.

The Commission concluded that the proposed acquisition would not raise any competition issues, given the very limited overlap in these companies' businesses.


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