Brussels, 26/09/2007 (Agence Europe) - On Tuesday 25 September, the European Commission cleared the proposed acquisition of DSI Holding GmbH of Germany by CVC Capital Partners Group Sàrl of Luxembourg. CVC is a private equity house. DSI is a group active in the development, manufacture and supply of a variety of components and integrated systems based on tensioning technology for the construction and mining industries.
One of CVC's portfolio companies is Volker Wessels Stevin of the Netherlands, a construction company using DSI's products. However, given the moderate market share of Volker Wessels Stevin and the presence of viable competitors, the Commission concluded that this vertical overlap would not distort competition. The Commission considered that there would be no overlap between the companies' activities in the markets for the supply of post tensioning products, geotechnical tensioning products, concrete accessories, roof support systems for mining applications and for tunnelling applications. (cd)