NEW YORK – Goldman Sachs and TPG Lundy have been cleared by the European Commission to acquire Exception PCB.

The commission concluded the proposed acquisition would not raise competition concerns. None of the companies controlled by Goldman or the TPG Group is active in the same markets as Exception.

Calne, Wiltshire-England based Exception manufactures and supplies printed circuit boards and provides assembly and testing services. Although TPG owns the majority of Isola, a manufacturer of laminates, Exception’s limited market share isn't seen by the EC as an issue.

No financial terms were disclosed.