EU approves Esvagt dealCompany News // September 9, 2015
At the end of August, the European Commission announced that it has approved the acquisition of joint control over Esvagt in Denamrk by 3i Group of the UK and AMP Capital Investors of Australia, under the EU Merger Regulation.
Esvagt is known for providing offshore emergency and rescue services and personnel transfer for maintenance activities for offshore windfarms.
Its new owners, 3i, is a venture capital company primarily investing in Europe and AMP Capital investors is an investment company operating across a broad range of asset classes.
The Commission concluded that the proposed acquisition would not raise competition concerns, because the companies are not present in the same markets. None of the companies in which 3i and AMP have a stake are present in an area that is related to the activities of Esvagt.