The European Commission has approved the acquisition of joint control of Swedish construction software group Infobric by KKR and SSCP Build Holdings under the EU Merger Regulation, clearing the deal after a streamlined review found no competition concerns, regulators said.
In a decision adopted, the Commission concluded that the transaction which transfers joint control of SSCP Build HoldCo AB (trading as Infobric) to Integrity Lux Bidco S.à r.l. (a KKR vehicle) and SSCP Build Holdings SCA does not raise significant competition issues because the combined market position of the parties remains limited.
Infobric, based in Sweden, provides digital software solutions for the construction sector, including tools for workforce management, compliance tracking and project oversight, primarily serving contractors throughout the Nordic region.
The Commission reviewed the notified transaction under a simplified merger procedure, a regulatory path used when deals are unlikely to impede effective competition in the European Economic Area. Officials noted that the businesses’ overlapping activities are limited, reducing the likelihood of adverse effects on market competition.
KKR and SSCP had previously agreed to invest in Infobric as part of a broader effort to back digital infrastructure and software providers in European markets. The regulatory clearance allows the partners to proceed with joint ownership as planned.
The case has been registered under Merger Case No. M.12194 in the Commission’s public competition database, reflecting the formal record of EU approval.
Read more on Tech Gist Africa:
Alphabet to Acquire Intersect for $4.75 Billion in Strategic AI Infrastructure Deal
Nvidia Acquires SchedMD to Strengthen Open-Source AI and HPC Ecosystem
