Brussels – The European Commission has approved under the EU Merger Regulation the proposed acquisition of joint control by EQT Fund Management S.à.r.l., of Luxembourg, together with Getec Energie Holding GmbH (GEH), of Germany, over (i) Getec Heat & Power AG; (ii) Getec Wärme & Effizienz AG; (iii) Getec Media AG; (iv) Getec shared services GmbH; and (v) Getec Contracting GmbH by way of purchase of shares. The Getec Energie companies are specialised in energy contracting in Germany.
GEH GmbH is a company active in energy services in connection to production and distribution and in the optimisation of customers’ energy supply in the form of heat, steam, cooling and electricity. EQT is an investment fund that seeks to make investments in infrastructure and infrastructure-related assets and businesses in Northern Europe, Continental Europe and North America. The Commission concluded that the proposed acquisition would raise no competition concerns because of the parties’ negligible combined market shares on the relevant markets. The operation was examined under the simplified merger review procedure.
