The European Commission said on February 13 that it has approved
under the EU Merger Regulation the proposed acquisition of joint control
by Luxemburg’s EQT Fund Management, together with Germany’s Getec
Energie Holding, over Getec Heat & Power, Getec Wärme &
Effizienz, Getec Media, Getec shared services and Getec Contracting by
way of purchase of shares.
The Getec Energie companies are specialised in energy contracting in
Germany. GEH is a company active in energy services in connection to
production and distribution and in the optimisation of customers’ energy
supply in the form of heat, steam, cooling and electricity.
EQT is an investment fund that seeks to make investments in
infrastructure and infrastructure-related assets and businesses in
Northern Europe, Continental Europe and North America.
The Commission said in a press release that it concluded that the
proposed acquisition would raise no competition concerns because of the
parties’ negligible combined market shares on the relevant markets. The
operation was examined under the simplified merger review procedure.
https://www.neweurope.eu/article/eu-clears-acquisition-getec-energie-companies-eqt-geh/
(neweurope.eu, February 13, 2017)