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.