The Finnish Competition and Consumer Authority (FCCA) approved on 18 December 2018 the acquisition of DataCenter Finland Oy by Adelis Portfolio Holding II AB.
Adelis Portfolio Holding II AB is a limited company owned by the Swedish private equity company Adelis Equity Partners. Adelis Equity Partners invests in the markets of business and IT services, for example. DataCenter Finland Oy, together with its subsidiary DataCenter Services Oy, offers a variety of data centre services to corporate customers in Finland. DataCenter’s service selection includes services such as data centre and cloud-based services and related monitoring, on-site support and data security services.
The FCCA has concluded that the acquisition will not significantly impede effective competition on the Finnish market. The parties to the acquisition do not have overlapping business operations, and DataCenter Finland’s market share is not significant even in the smallest possible market segment.
The FCCA’s decision includes business secrets of the parties involved. The decision will be published once the business secrets have been removed.
Further information: Research Officer Taru-Tuulia Tammi, tel. +358 (0)29 505 3024, email: email@example.com.
According to the Competition Act, the FCCA must be notified of the transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover from Finland of at least two of the parties exceeds a combined total of 20 million euros. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
Read more about merger control.