EC clears acquisition of Vedior by Randstad, subject to conditions, after a Phase I investigation
The European Commission has cleared Randstad's acquisition of Vedior in Phase I, subject to divestments in Portugal.
Both parties supply temporary employment services in many European countries. The Commission's investigation ruled out competition concerns in all relevant countries with the exception of Portugal. Despite initial concerns about the merger in the Netherlands and Belgium, the Commission accepted the parties' arguments about low barriers to entry and expansion and about low switching costs in the relevant market.
Mike Walker of CRA's London office and Edward Droste of CRA's Amsterdam office assisted Randstad in this transaction.
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