# EU approves Bosch and HASCO joint control of ASCN

The European Commission approved the acquisition of joint control over Bosch Automobile Steering (Nanjing) Co Ltd (ASCN) by Bosch of Germany and Huayu Automotive Systems Company Ltd (HASCO) of China, concluding no competition concerns.

- Type: Acquisition
- Announced: 2017-10-27
- Where: Nanjing, China
- Status: announced
- Products: power assisted steering gears
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huayu Automotive Systems](https://endata.com/companies/1495.md) (acquirer)
- [Bosch](https://endata.com/companies/1725.md) (acquirer)
- [Bosch Automobile Steering (Nanjing) Co Ltd](https://endata.com/companies/27612.md) (target)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/business/motoring/2017-10/28/content_33813684.htm), 2017-10-28: "The Commission concluded that the proposed acquisition 'would raise no competition concerns given that the companies' activities do not overlap in the EEA'"
- [chinadaily.com.cn](https://www.chinadaily.com.cn/bizchina/motoring/2017-10/28/content_33813684.htm), 2017-10-28: "The Commission concluded that the proposed acquisition 'would raise no competition concerns given that the companies' activities do not overlap in the EEA'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.