Mergers: Commission approves acquisition of software provider I.R.I.S. by Canon
EU News 80/2013
18 February 2013
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of I.R.I.S. of Belgium by Canon Inc. of Japan. The review of this transaction was referred to the Commission by the Belgian competition authority and subsequently joined by the national competition authorities of Austria, France, Ireland, Italy, Portugal and Sweden. The Commission's investigation found that the merged entity would continue to face competition from a number of other strong competitors in the relevant office automation equipment and capture software markets.
Source and additional information: