European Union: European Commission approved acquisition of Tricentis by GTCR and Insight Partners

On 20 January 2025, the European Commission announced its decision to approve the acquisition of Tricentis Corporation by GTCR LLC and Insight Partners, all US-based entities. The transaction primarily involves the information technology, software, and computer services sectors. The Commission determined that the acquisition would not raise competition concerns, as the companies do not operate in the same or vertically related markets. The review was conducted under the simplified merger review procedure.