The European Commission has approved, under the EU Merger Regulation, the acquisition of Jeeves Information Systems AB (‘Forterro’) of Sweden by Partners Group AG of Switzerland. Forterro is a provider of business software and IT solutions, focusing on the provision of enterprise resource planning (‘ERP’) software solutions to middle-market manufacturing and production companies. Partners Group is a global private markets investment management company.
Its portfolio companies include, among others, Unit4 N.V. and Civica Group Ltd, which are active in the provision of ERP software.
The Commission concluded that the transaction would raise no competition concerns, given the limited overlaps between the companies’ activities and the fact that the companies are not active on related markets. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10709.