CONTI TEVES, TERNIE AND LEICA GEOSYSTEMS JOINT VENTURE CLEARED.

The European Commission on January 12 confirmed that it had approved the participation of Conti Teves, Germany, in the existing joint venture AOC, Automative Distance Control System GmbH, Germany. Ternie Telefunken Microelectronic GmbH, Germany, and Leica Geosystems AG, Switzerland, had set up AOC in 1996. The joint venture is active in the development, manufacture, distribution and service of distance control systems for the automobile industry...