Dell’s epic $67bn deal for EMC has been approved by the European Commission just a week after the US also gave the deal the go-ahead.
EC competition commissioner Margrethe Vestager said she is assured that the deal will not unduly affect key markets in which Dell will now have an enhanced position.
"Given the strategic importance of the data storage sector, I am pleased that we have been able to approve Dell's multi-billion dollar takeover of EMC within a short space of time while making sure that there would be no adverse effects on customers,” she said.
“I appreciate the close cooperation we have enjoyed with our US counterparts at the Federal Trade Commission."
The EC explained that, despite the combined strength of EMC and Dell in the storage and virtualisation markets, the firm will still face strong competition from the likes of Hitachi, HP, IBM and NetApp, while new entrants could also carve out a slice of the market.
The EC also said that any concerns about Dell using its ownership of VMware - part of EMC - to freeze out competitors in the virtualisation market are unfounded.
"The Commission concluded that the acquisition raised no concerns in this respect, since competitors to the merged entity would be able to provide these systems in partnership with virtualisation software providers other than VMware," said Vestager.
“Our new company will be exceptionally well positioned for growth in the most strategic areas of next-generation IT, including digital transformation, software-defined data centres, converged infrastructure, hybrid cloud, mobile and security,” he said at the time.
“Our investments in R&D and innovation, along with our privately controlled structure, will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes.”
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