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Mergers: Commission clears acquisition of NGA Human Resources by Blackstone

31/10/2019 | Economy |  Daily News 30 / 10 / 2019

 Press release European Commission

The European Commission has approved, under the EU Merger Regulation, the acquisition of indirect control over Northgate Information Solutions Limited and its subsidiaries (NGA Human Resources) of the UK by Tempo Holding Company LLC (Alight Solutions), currently controlled by the Blackstone Group Inc. (Blackstone) of the US. NGA provides integrated software, outsourcing and IT technology solutions and services for payroll and human resources management. Alight Solutions provides cloud-based human resources management systems. Blackstone is a global asset manager.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' moderate combined market position resulting from the proposed transaction.

The transaction was examined under the simplified merger review procedure.

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