The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of Axios Systems Public Ltd by EQT investment funds, via Industrial and Financial Systems, IFS UK Ltd.
Industrial and Financial Systems, IFS UK Ltd, belongs to IFS group, which develops and provides enterprise software for customers worldwide who manufacture and distribute products, build and maintain assets, and manage service-focused operations.
Industrial and Financial Systems, IFS UK Ltd is a company duly registered under the laws of UK, which via IFS group, is jointly owned by EQT VIII and EQT IX investment funds which are managed by EQT Fund Management S.à r.l., and all together belong to the group EQT.
EQT is a global investment group of companies that provides wide range of assets funds and other investment products. EQT group of companies also provides capital market solutions for her enterprises, its portfolio companies and other customers. The private equity funds, which EQT manages, invest in companies in several sectors.
Axios Systems Public Limited is a company duly registered under the laws of Scotland and provides IT service management and information technology service management and consulting. The company is a provider of service desk software, IT Service Management software and IT Asset Management software.