European Commission
Commission clears acquisition of NEOGOV by CPP Investments and EFMS
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Governmentjobs.com, Inc. (‘NEOGOV') of the US by Canada Pension Plan Investment Board (‘CPP Investments') of Canada and EQT Fund Management S.à.r.l (‘EFMS') of Luxembourg.
The transaction relates primarily to cloud-based human capital management and compliance management software for the public sector.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.12126.
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