Mergers: EU Commission clears acquisition of Renk by Triton Fund V
The European Commission has approved, under the EU Merger Regulation, the acquisition of Renk AG of Germany by Triton Managers V Limited (“Triton Fund V”) of Jersey.
Renk is active, among others, in manufacturing transmissions for tracked vehicles, suspension and test systems, wind gear units and slide bearings, high-speed gear units, marine propulsion units and couplings.
Triton Fund V is investing in medium-sized companies headquartered in Central and Northern Europe operating in different markets, with particular focus on the business services, industrials and consumer/health sectors.
The Commission concluded that the proposed acquisition would raise no competition concerns given that the companies ae not active in the same product and geographic markets.
The operation was examined under the simplified merger review procedure. More information will be available on the Commission’s competition website, in the public case register under the case number M.9784.
Arianna Podesta –