Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  25.2.2022  
C(2022 ) 1322 final  
PUBLIC VERSION  
KKR & Co. Inc.  
30 Hudson Yards   
New York, NY 10001  
United States of America  
 
Körber AG  
Anckelmannsplatz 1   
20537 Hamburg  
Germany  
Subject : Case M. 10592  – KKR / KÖRBER / KÖRBER SUPPLY CHAIN 
SOFTWARE MANAGEMENT  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 21 January 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which KKR & Co 
Inc. (together with its subsidiaries, “KKR”, United States of America) and Körber AG 
(“Körber”, Germany ) intend to acquire, within  the meaning of Article 3(1)(b) and 
Article 3(4) of the Merger Regulation , control of part(s) of  Körber Supply Chain 
Software Management GmbH (the “Target”, Germany ), which is currently solely 
controlled by Körber. The concentration is accomplished by way of purchase of 
shares .3 
2. The business activities of the undertakings concerned are:  
 for KKR: global investment firm that offers alternative asset management and 
capital markets and insurance solutions. KKR sponsors investment funds that 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p . 3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 44, 28.1.2022 , p. 28. 

2 invest in private equity, credit and real assets and have strategic partners that 
manage hedge funds,  
 for Körber: strategic management holding, offering  all kinds of products, solutions 
and services through its five business areas Digital, Pharma, Supply Chain, Tissue 
and T obacco. Körber’s shares are wholly owned by Körber Stiftung, a private 
German foundation,  
 for the Target: provides supply chain execution software through its 
comprehensive technology solutions such as software, and enabling technology 
such as robotics and  voice control.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph  5(c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .