CELEX: 32020M9713
Language: en
Date: 2020-02-28 00:00:00
Title: Commission Decision of 28/02/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9713 - EQT / RECOVER) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 28.2.2020
                                                                C(2020) 1283 final
                                                                                 PUBLIC VERSION
                                                                To notifying party
Subject:        Case M.9713 – EQT / RECOVER
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 31 January 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which EQT VIII
        (“EQT”), controlled by EQT Fund Management S.à r.l. (“EFMS”, Luxembourg),
        acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control
        of Navie Oy (Finland) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for EFMS: EQT is an investment fund that seeks to make investments primarily
              in Europe, with a focus on Northern Europe. EQT controls Anticimex which
              specialises in offering services to prevent pest infestations but also offers damage
              control services such as dehumidification and moisture inspection services,
             Navie Oy is the holding company for the Recover group companies which are
              active in the provision of damage control services, environmental services as well
              as demolition and concrete drilling services in Denmark, Finland, Norway and
              Sweden.
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
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, 10.2.2020, 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.
 ---pagebreak---    paragraph 6 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.
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