Triton's takeover of Wittur wins EU approval

BRUSSELS Dec 2 (Reuters) - Private equity firm Triton III Holdings won approval on Thursday from European Union regulators to buy German lift components company Wittur Group.

The European Commission, the EU competition watchdog, said the deal would not hamper competition in the 27-nation bloc's market.

"The Commission's investigation showed that the merged entity would not be in a position to affect competition in the market," the Commission said in a statement.

It said Wittur's competitors would still be able to source electric motors for car door applications from alternative suppliers after the merger.

Wittur is a German company, mainly active in the design, production, sale of elevator components - such as landing and car doors and safety components, while Triton is a private equity investment firm that provides management advice and investment services to European-based businesses.

(Reporting by Bate Felix)

(Reuters Messaging: bate.felix.reuters.com@reuters.net; Email:bate.felix@thomsonreuters.com; Tel:+3222876812))