European Union (EU) antitrust regulator on Monday approved a proposed joint venture between the world's largest auto parts maker Robert Bosch and the biggest piston rings producer Mahle.
The joint venture would be active in the research, development, manufacturing and supply of exhaust gas turbochargers for the motor vehicle industry.
The European Commission said the concentration between the two German companies would not significantly impede effective competition.
Bosch is active in components for the motor vehicle industry, car engineering, industrial engineering, consumer goods engineering and building services engineering, while Mahle develops, produces and supplies components for the motor vehicle industry, such as piston systems, cylinder components and valve train systems.
The joint venture would aim to supply exhaust gas turbochargers to the motor vehicle industry by 2011.