BRUSSELS -- Johnson Controls and Robert Bosch won permission from the European Commission on Thursday to purchase Delphi Corp.'s car battery business in Europe.
"The transaction does not raise competition concerns in the EEA (European Economic Area), or any significant part of it, as other large and capable players compete in the market," the Commission said in a statement.
The EU executive granted permission for the purchase of the European Starting, Lighting and Ignition car battery business.
Johnson Controls is purchasing much of Delphi's global car battery business.
The acquisition would further strengthen Johnson Controls' and Bosch's leading market position in the car battery market, the Commission said, adding that its investigation into the purchase had also examined the replacement battery markets.
"Strong competition with downward pricing pressure from imports and the increased buyer power of mass retail will ensure that these markets will remain competitive," the statement said.