Brussels, 12 January 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of Caverion Corporation (‘Caverion’) of Finland by Bain Capital Investors, LLC (‘Bain Capital’) of the US.
Caverion is a company active in building technology and industrial processes installation and maintenance in Europe. Bain Capital is a private equity investment firm that invests in companies from various sectors, including information technology, communication, healthcare, retail, financial services and manufacturing.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies’ activities. The 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.10987.
Source – EU Commission