The European Commission has approved, under the EU Merger Regulation, the acquisition of Premier Technical Services Group Limited (‘PTSG’) of the UK, by Warburg Pincus LLC of the US and Macquarie Group Limited of the UK. PTSG supplies building safety equipment and maintenance services, including lightning protection, specialist building access and fire solutions.
Warburg Pincus manages private equity funds, with portfolio companies active in a variety of sectors, including energy, industrial and business services, technology, and telecommunications. Macquarie provides asset management and finance solutions across debt, equity and commodities.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies’ activities. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10317.