Brussels, 2 August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of BRWS Parent LLC and its subsidiaries (‘CentroMotion’) by a subsidiary of affiliates of Lone Star Funds (‘Lone Star’), all of the US.
CentroMotion designs and manufactures highly engineered systems and solutions that enhance the safety, reliability and productivity of equipment in the industrial and transportation sectors. Lone Star is a private equity firm that invests globally in real estate, equity, credit and other financial assets.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the very limited 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.11176.
Source – EU Commission