-- The European Commission said Wednesday that it cleared Invest KG and Armira's joint acquisition of Aviloo, citing no competition concerns under European Union merger rules.
The transaction involves Austria-based Invest KG and Aviloo, along with Germany's Armira, and centers on services tied to electric vehicle battery testing, the Commission said.
The review was carried out under the European Union Merger Regulation, which evaluates deals that may impact competition within the bloc.
The Commission said the companies are not active in overlapping or vertically connected markets.
The case was assessed using the simplified merger review process, according to the Commission.