CELEX: 32019M9428
Language: en
Date: 2019-07-29 00:00:00
Title: Commission Decision of 29/07/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9428 - Triton Fund V / Royal Reesink Group) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 29.7.2019
                                                                C(2019) 5825 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9428 — Triton/Royal Reesink Group
                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 5 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Triton
        Managers V Limited (Jersey), Triton Fund V GP S.à r.l. (Luxembourg), and TFF V
        Limited (Jersey) (together referred to as ‘Triton Fund V’) acquire within the meaning
        of Article 3(1)(b) of the Merger Regulation sole control of the whole of Royal
        Reesink B.V. (the Netherlands) and its subisidaries (together referred to as ‘Royal
        Reesink Group’) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Triton Fund V belongs to a group of independent European private equity funds
              managed and advised by the Triton group (collectively ‘Triton’, Channel Islands).
              The private equity funds managed by the Triton group, including Triton Fund V,
              are dedicated to investing primarily in medium-sized businesses headquartered in
              Northern Europe, with particular focus on businesses in three core sectors:
              Business Services, Industrials and Consumer/Health,
             Royal Reesink Group is a distributor of branded machinery and equipment,
              namely machinery for agriculture and horticulture, landscape maintenance,
              material handling and civil engineering applications, providing also maintenance
              and technical support services, and rental solutions. It is also a distributor of
              hydraulic components and systems.
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 237, 15.7.2019, p. 73.
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--- 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(b) 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)
                                                  Johannes LAITENBERGER
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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