The European Commission has approved under the EU Merger Regulation the proposed acquisition of Sirti S.p.A. by Pillarstone Italy S.p.A., both of Italy. Sirti provides civil engineering services to the telecommunications, power, railway, transportation and TV broadcasting industries. Sirti also sells IT services in the telecommunications, government and utilities sectors. Pillarstone is an investment fund indirectly controlled by the global investment firm KKR & Co L.P., of the United States. The Commission concluded that the proposed acquisition would raise no competition concerns, in particular because of the limited overlaps between the companies' activities resulting from the 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.8001.
