The European Commission gives the green light for the takeover of three Atecs companies VDO AG, Dematic AG and Sachs AG. Robert Bosch GmbH and Siemens AG have thus cleared the first hurdle in their planned takeover of Atecs Mannesmann AG. The European Commission approves the deal on the condition that part of the postal automation business be divested for competitive reasons. The takeover concept calls for Atecs AG to be jointly held by Bosch and Siemens.

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