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Jurisdiction(s):
United Kingdom
Key definition
COL definition

What does COL mean? In nuclear project work, COL means a US Nuclear Regulatory Commission Combined License that authorises construction of a new reactor and, once pre-operational conditions are met, its operation. It is a defined US regulatory instrument under 10 CFR Part 52, combining what were historically separate construction permits and operating licences. A COL typically incorporates design certification references and site-specific Inspections, Tests, Analyses and Acceptance Criteria (ITAAC) that must be satisfied before fuel load. For UK and Irish practitioners, COL is encountered in cross-border M&A, project finance, due diligence and contracts involving US new nuclear build. It does not exist in...

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EU Merger Control: Siemens/Dresser-Rand (M.7429) - Oil & Gas Turbo-Compressors; Unconditional Phase II Clearance (29 June 2015)

Practice notes
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CASE HUB ARCHIVED

This archived hub records the position as at the decision dated 29 June 2015; it is no longer being updated. See the timeline for further details.

Case facts

Outline of the European commission’s merger investigation into Siemens’ planned acquisition of Dresser-Rand (Dresser) (M.7429). The deal featured horizontal overlaps in the supply of turbo compressors within the oil and gas distribution market. After a phase II review, the Commission cleared the transaction unconditionally on 29/06/2015.

Latest developments

On 29 June 2015, following a phase II inquiry, the Commission formally approved the merger without any conditions.

Parties

Siemens and Dresser

Siemens is a publicly listed German company headquartered in Munich. It provides a range of electrical products and services to customers through several business divisions. In relation to this deal, Siemens’ portfolio includes gas turbines, steam turbines, generators and compressors. Siemens also manufactures electric motors.

Dresser is a US-based company headquartered in Houston, Texas. The company focuses on supplying customers in the oil and gas sector with...

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Web page updated on 21/05/2026

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