Brussels, 2 May 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Galaxy UK Topco Limited (‘Trackunit’) by Hg Pooled Management Limited (‘Hg’), both of the UK, and The Goldman Sachs Group, Inc. (‘Goldman Sachs’) of the US.
The transaction relates primarily to the vehicle and equipment telematics sector.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. 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.11923.