Flender/Flender Gear Units/Bevel-helical gear boxes B3
ortation systems, building technologies, logistics and assembly systems, automation and drives, industrial services and solutions, components, power transmission and power

distribution. 4 6. Worldwide, Flender produces mechanical power transmission quipment (such as gears, geared motors and couplings), inverters, generators and

electrical motors. In South Africa, however, Flender focuses on the supply of mechanical geared motors and standard mechanical gears. Impact

on competition Horizontal Assess ment 7. In South Africa, both merging parties are involved in the broad market for power

transmission. However Flender supplies mechanical power transmission equipment (including industrial gears and geared motors) and Siemens supplies electrical power trans mission equipment5 (including motors and drives).6 8. According to the Commission, there are no overlaps in the activities of the merging parties, because although both Siemens and Flender participate in the provision of incomplete drive solutions, they bi for the supply of different product components. ...Siemens will bid for the supply of drives and electric motors (components) or for combination of both and [therefore will] compete with other motor and drive suppliers for the tender. Flender will bi for the supply of gears or geared motors (components) or drive application systems will compete against suppliers in these markets for the tender 7 Vertical Assessment 9. The transaction does give rise to certain vertical issues, as post merger the merg ed entity will compete for the provision of complete drive solution that requires combination of various components. Flender is supplier of gears and drive application systems while Siemens supplies electric motors and drives. According to the Commis sion, these are all components that may be required for the production of the final drive solution. 4 For comple