CELEX: 32021M10248
Language: en
Date: 2021-05-25 00:00:00
Title: Commission Decision of 25/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10248 - AP / LUTECH) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 25.05.2021
                                                                C(2021) 3861 final
                                                                                 PUBLIC VERSION
                                                                APAX PARTNERS LLP
                                                                33 Jermyn Street
                                                                SW1Y 6DN London
                                                                United Kingdom
Subject:        Case M.10248 - AP / LUTECH
                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 26 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Apax Partners
        LLP (“AP”, United Kingdom) acquires within the meaning of Article 3(1)(b) of the
        Merger Regulation indirect sole control of the whole of Lutech S.p.A. (“Lutech”,
        Italy), indirectly controlled by One Equity Partners (“OEP”, United States of
        America), by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
         AP: provider of investment advisory services,
         Lutech: active in the provision of IT services and solutions and in the resale of IT
              products, primarily in Italy.
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
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 161, 3.5.2021, p. 3.
4       OJ C 366, 14.12.2013, 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--- 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
                                              2