Prior notification of a concentration (Case M.12450 – GA GROUP / TA / POWERGEM) – Candidate case for simplified procedure
Date: 2026-06-25
Institutions: Directorate-General for Competition, European Commission
Subjects: Canada, United States, consultancy, economic concentration, energy grid, energy industry, investment company, merger control, simulation, software








C_202603450EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/3450


25.6.2026






Prior notification of a concentration
(Case M.12450 – GA GROUP / TA / POWERGEM)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/3450)


1.   
On 16 June 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


General Atlantic (PWG), L.P. and together with its affiliated investment funds (‘GA’, United States), controlled by GASC MGP, LLC (United States),










—


TA Associates Management, L.P. (‘TA’, United States), controlled by TA Associates, L.P. (United States),










—


PowerGEM Topco, L.P. (‘PowerGEM’, United States), currently solely controlled by TA.




GA and TA will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of PowerGEM.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


GA is a global growth investor providing capital and strategic support,










—


TA is a global private equity firm which has portfolio companies active in selected industries, including business services, consumer, financial services, healthcare and technologies, operating worldwide.






3.   

The business activities of PowerGEM are the following: provision of power grid and energy simulation software, and related consulting services predominantly to customers in the United States and Canada. Its core capabilities solutions include load simulation to ensure grid reliability, forecasting software to identify cost-saving opportunities and price spikes when power demand is high, scenario modelling software for capacity expansion planning, and product cost modelling software.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12450 – GA GROUP / TA / POWERGEM
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/3450/oj
ISSN 1977-091X (electronic edition)