EUROPEAN COMMISSION

DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004

MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION

Date: 19/12/2024

In electronic form on the EUR-Lex website under document number 32024M11752

EUROPEAN COMMISSION

Brussels, 19.12.2024 C(2024) 9297 final

PUBLIC VERSION

One Equity Partners Capital Advisors, L.P. 510 Madison Avenue, 19th Floor New York, NY 100022 United States of America

Dear Sir or Madam,

(1)(1) On 26 November 2024, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, and following a referral pursuant to Article 4(5) of the Merger Regulation, by which OEP Capital Advisors, LP (‘OEP’, United States) will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Ethos Energy Group Limited (‘Ethos Energy’, United Kingdom), currently jointly controlled by Wood Group Power Investments Limited (United Kingdom) and Siemens Energy 3Global GmbH & Co. KG (Germany). () The concentration is accomplished by way of purchase of shares.

(2)(2) The business activities of the undertakings concerned are the following:

–– OEP is a middle-market private equity firm focusing on combinations within the industrial, healthcare and technology sectors in North America and Europe,

–– Ethos Energy is an independent service provider specializing in the maintenance and servicing of equipment, the manufacture of power transformers and generators and the operation and maintenance of third party industrial facilities.

(3)(3) After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of

1() OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2() OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3() OJ C, C/2024/7275, 4.12.2024.

paragraph 5(d) of the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004. ()

(4)(4) For the reasons set out in the Notice on a simplified treatment, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

4() OJ C 160, 5.5.2023, p. 1 (the ‘Notice on a simplified treatment’).

2