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EU clears Pon, Nimbus buy of Geveke

BRUSSELS, Feb 25 (Reuters) - Dutch family-owned group Pon Holding and Dutch investment firm Nimbus Investment won European Commission clearance on Tuesday to form a joint venture called Nimpon Trade and Services BV.

The company will acquire the trade and service division of Dutch industrial equipment company Geveke .

The Commission said in a statement that there was little likelihood that the deal would create a dominant position for the partners.

Pon Holdings is active in the field of import and distribution of passenger cars, commercial vehicles, trucks and engines, automotive products and materials handling equipment.

The family company employs 6,000 and is also active in the area of financial services, industrial products and telecoms products, operating in both Europe and the United States.

In 2001 Pon Holding had net sales of 3.4 billion euros.

Nimbus is an investment firm that specialises in providing capital and management support to industrial, manufacturing and trading companies.