EU clears acquisition of Comparex by SoftwareONE

January 9, 2019

The European Commission has approved, under the EU Merger Regulation, the acquisition of Comparex AG of Germany by SoftwareONE of Switzerland, which is a controlled portfolio company of KKR & Co. Inc. (“KKR”).

Comparex and SoftwareONE both provide IT services and distribute IT products. KKR is a global investment firm. Some of KKR's portfolio companies are active in the software industry and in the provision of IT services.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' moderate combined market position resulting from the proposed transaction. 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.9191.

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