The European Commission has cleared under the EU Merger Regulation the acquisition of joint control of Wittur International Holding (Germany) by Franklin Square Holdings (FS Investments) and KKR, both of the USA.

The transaction mainly concerns the design, production, sale and trading of elevator components for residential and commercial applications worldwide.

The Commission concluded that the notified transaction would not give rise to competition concerns, given that the companies are not present on the same or vertically related markets.

The notified transaction was examined under the simplified merger review procedure.


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