Notified on 21 March 2005, this merger consists of the acquisition by the undertaking SERCOS - Indústria de Condutores Eléctricos, S.A. (Sercos), from Pirelli Energie Cables et Systèmes France, S.A. (Pirelli) and Eurelectric, S.A. (Eurelectric), of the total registered capital of DESCO- Fábrica Portuguesa de Material Eléctrico e Electrónico, S.A. (Desco)