Brussels, 28 September 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of SD Worx NV by WorxInvest NV, both of Belgium, and CVC Capital Partners SICAV-FIS S.A. (‘CVC’), of Luxembourg.
The transaction relates primarily to the sector of human resources and payroll solutions and services.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited individual and combined market position resulting from the proposed transaction. The notified 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.11196.
Source – EU Commission