Brussels, 16 January 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by ITOCHU and Kawasaki Heavy Industries, both of Japan.
The joint venture will provide financing services and solutions to retail customers for the acquisition of powersports products offered by Kawasaki Motors in the US.
The Commission concluded that the notified transaction would not raise competition concerns, given the joint venture’s limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11820.