On 26 November 2015, the Finnish Competition and Consumer Authority (FCCA) approved a business transaction whereby Sågholmen AB acquired sole control of PMC Group AB.
Sågholmen is a subsidiary of a Swedish private equity company Nordstjernan AB. The Swedish company PMC operates in Finland through its subsidiary PMC Polarteknik Oy Ab that provides hydraulic and pneumatic systems and services. The FCCA is of the view that the acquisition will not significantly impede effective competition in the Finnish market or a substantial part of the market.
The FCCA’s decision includes the business secrets of the parties involved. The decision can only be published after the confidential information has been removed, which will take approximately two weeks.