The European Commission has approved Accenture’s acquisition of sole control of Italian company VTS S.p.A. under the EU Merger Regulation, it said.
The deal relates mainly to the provision of IT services in the banking sector, according to the Commission.
The Commission said it cleared the transaction after concluding it would not raise competition concerns because the companies would have a limited combined market position following the deal.
The merger was assessed under the Commission’s simplified review procedure, it added.
### Case details published online
Further information is available in the Commission’s online public case register under case number M.12575, the organisation said.
