IBM is set to acquire France-based software company Ilog after European regulators approved the deal earlier this week.
IBM first made a EUR215m (USD340m) - or EUR10 (USD12.7) per share - offer for Ilog in July, hoping to combine Ilog's computer systems with its own optimisation tools. The company says it will integrate Ilog's business rules management systems software with its business process management and service orientated architecture technologies.
The European Commission says it approved the deal as it will not significantly impede competition in Europe.
"The Commission found that the merged entity would neither have the ability nor the incentive to restrict access to Ilog's products because several competitors supply similar software products," says the Commission.
The acquisition received approval from Ilog shareholders and the US Federal Trade Commission earlier this summer. Shares in the company fell USD1.54 to USD78.20 after the European Commission announced its approval of the deal, reports the Associated Press.
Based in Getilly, France, Ilog offers a range of platforms and technologies that aim to optimize business processes. Its clients include banking and financial institutions as well as manufacturers such as Siemens, DaimlerChrysler and Nippon Steel.
StrategyEye's related companies: Ilog, EU Competition Commission, IBM, Siemens, Daimler AG
