Mergers: Commission clears acquisition of EcoOnline by Goldman Sachs and Summa Equity

Daily News 20 / 04 / 2020


Economia - pubblicata il 22 Aprile 2020


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 EcoOnline AS of Norway by The Goldman Sachs Group, Inc. of the U.S. and Summa Equity AB of Sweden. EcoOnline
provides health and safety software and related services. Goldman Sachs is a global investment banking, securities and investment management firm. Summa Equity is a private equity fund that focuses
on investment in the mid-cap segment in Northern Europe. The Commission concluded that the proposed acquisition would raise no competition concerns, because of the absence of significant horizontal
overlaps or vertical links 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.9799
. The full press release is available online.

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