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EU: EC clears acquisition of sole control over Royal Reesink Group by Triton

 |  July 30, 2019

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Royal Reesink and its subsidiaries of the Netherlands by Triton Fund V of Luxembourg, Triton Managers V, and TFF V, both of Jersey.

The Royal Reesink Group is a distributor of branded machinery and equipment, namely machinery for agriculture and horticulture, landscape maintenance, material handling, and civil engineering applications, as well as a distributor of hydraulic components and systems.

Triton Fund V belongs to a group of independent European private equity funds managed and advised by the Triton group. The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited impact on the sectors for the distribution of branded machinery and equipment and of hydraulic component systems.

Full Content: Europa

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