Mergers: Commission clears acquisition of Lutech by AP

Daily News 26 / 05 / 2021


Economy - published on 28 May 2021


https://www.trevisobellunosystem.com/tvsys/img/notizie/eu_commissione_europea.jpg

Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of Lutech S.p.A. of Italy, by Apax Partners LLP (‘AP’) of the UK. Lutech is active in the provision of IT
services and solutions and in the resale of IT products, primarily in Italy. AP provides investment advisory services. The Commission concluded that the proposed acquisition would raise no
competition concerns, given the very limited horizontal overlaps and vertical relationships between the activities of the companies. The transaction was examined under the simplified merger review
procedure. More information is available on the Commission’s competition website, in the
public case register under
the case number
M.10248
.

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