Commission clears acquisition of VTS by Accenture

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of VTS S.p.A. of Italy by Accenture plc of Ireland.

The transaction relates primarily to the provision of IT services in the banking sector.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The notified 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.12575.

(For more information: Ricardo Cardoso – Tel.: +32 2 298 01 00; Sara Simonini – Tel.: +32 2 298 33 67)