, Singapore
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CCCS seeks feedback on the acquisition of YE Corporation's aviation equipment business

The aviation equipment business is being acquired by Oki Electric.

The Competition and Consumer Commission of Singapore (CCCS) has invited the public to provide their opinion on Oki Electric's acquisition of Yokogawa Electric (YE) Corporation's aviation equipment business.

The commission is studying whether the acquisition would infringe section 54 of the Competition Act 2004, which prohibits mergers that have resulted, or may result, in a substantial lessening of competition within any market in Singapore.

Both Oki and YE are involved in the manufacturing businesses.

In Singapore, YE's aviation equipment business is involved in manufacturing flat panel displays for aircraft cockpit systems.

The two parties, for their part, assured that their proposed transaction will not result in a substantial lessening of competition in Singapore.

According to the parties, Oki and YE's aviation equipment business does not offer any overlapping goods or services, and the structure of the industry would remain unaffected by the proposed transaction.

Other reasons cited by the parties are the following:

  • Without any horizontal overlaps between Oki and the target business, the structure of the industry would remain unaffected by the proposed transaction such that there will be no change in the markets to incentivise coordination of behaviour by other market players.
  • Due to minimal vertical links between the parties, Oki will have no ability or incentive to engage in anti-competitive customer or input foreclosure Post Proposed Transaction.
  • Thales Avionics, the sole customer of the Target Business in Singapore and worldwide, will be able to self-supply or switch to another supplier post-Proposed Transaction, in response to price changes or any other reasons.

The public can provide feedback on the proposed acquisition from 11 November to 25 November, 5 p.m.

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