The Competition Board took the application for the acquisition of the sole control of Eaton Corporation plc's hydraulic business by Danfoss A/ S under final examination with its decision dated 12.11.2020 and no 20-49/671-M.

As it is known, according to article 7 of the Act No. 4054 on the Protection of Competition, the Competition Board is responsible for supervising  merger and / or acquisition transactions that will result in a significant reduction in effective competition in the markets. The Board can take the transactions that require deeper examination in terms of their effects on the structure of competition in the market under final examination, within the framework of article 10 of the Act. A merger / acquisition transaction notified to the Board is suspended until the final decision is taken in accordance with Article 10 of the Act, and cannot be implemented. However, taking the transaction under final examination does not mean that it is not permissible.