The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of VTS S.p.A. of Italy by Accenture plc of Ireland.
The transaction relates primarily to the provision of IT services in the banking sector.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
