# German minister clears Miba-Zollern joint venture

The German Federal Minister of Economic Affairs granted ministerial authorization for a joint venture between Miba AG and Zollern GmbH & Co. KG, overruling the FCO's prohibition. The joint venture will focus on hydrodynamic plain bearings, with commitments including €50 million investment in Germany.

- Type: Acquisition
- Announced: 2019-08-19
- Where: Germany
- Value: $55.0M (50.0M EUR)
- Status: announced
- Products: hydrodynamic plain bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Miba AG](https://endata.com/companies/1421.md) (partner)
- [Zollern GmbH & Co. KG](https://endata.com/companies/41429.md) (partner)

## Sources

- [clearyantitrustwatch.com](https://www.clearyantitrustwatch.com/2019/08/federal-minister-of-economic-affairs-grants-ministerial-authorization-for-miba-and-zollern/), 2019-08-19: "the Minister found that overriding public interests—in particular the interest of safeguarding know-how and innovation potential in the areas of clean energy and sustainability—outweighed competitive concerns in this case."

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