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, 6.9.2022  
C(2022 ) 6540 final  
PUBLIC VERSION  
Hestia Bidco Limited , 
Level 25, One Canada Square ,  
Canary Wharf , 
London, E14 5AA , 
United Kingdom  
Subject : Case M.10808 - BROOKFIELD / HOMESERVE  
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 5 August  2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation , by which the 
undertaking Hestia Bidco Limited (‘Hestia’, Canada), controlled by B rookfield Asset 
Management Inc. (‘Brookfield’, Canada) , intends to  acquire , within the meaning 
of Article 3(1)(b) , sole control over the whole of the undertaking HomeServe plc 
(‘HomeServe’, UK) , by way of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
— Brookfield is a global asset manager which controls several portfolio companies, 
including Thermondo which is a German -based company specialized in the 
installation of heaters, ventilation and air conditioning (‘HVAC’) devices, as well 
as heat pumps,  
— Home serve offers services for HVAC , and heat pump installation in homes. 
It also offers home maintenance and emergency assistance (principally relating to 
plumbing, heating and electrics), home insurance claims assistance as well as 
an online marketplace to he lp homeowners find local tradespeople on demand, to 
                                                 
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 315, 19.8.2022 , p. 5. 

 
 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 . 
 
 2 help with home repairs and improvements. In  the EU, HomeServe is active 
in Belgium, France, Germany, Italy, Malta, Portugal and Spain . 
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 notif ied 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 .