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EU merger: Acquisition of LGC Science Group by Astorg and Cinven cleared (simplified review)

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Published on: 27 January 2020

Published by LNB News

LNB News 27/01/2020

Document Information

Issue Date: 27 January 2020

Published Date: 27 January 2020

Jurisdiction(s): United Kingdom

Article summary

On 27 January 2020, the European Commission announced it has cleared the acquisition of LGC Science Group Holdings Limited (LGC Science Group) by Astorg Asset Management Sàrl (Astorg) and Cinven Capital Management (VII) General Partner Limited (Cinven) (Case M.9688). LGC, a UK-based company, provides measurement tools, proficiency testing schemes, supply chain assurance standards, genomics reagents and instrumentation and research and measurement services. Astorg, a Luxembourg-based company, and Cinven, also based in the UK, are private equity businesses. The Commission found the proposed transaction would not raise competition concerns because there are no horizontal overlaps and only limited vertical links arising from the transaction.

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