Orix Australia Corporation Ltd - proposed acquisition of Fleet Partners Pty Limited
Type of assessment
Informal Review
Reference
24968
Acquirer(s)
Orix Australia Corporation Ltd
Target(s)
Fleet Partners Pty Limited
Industry
Automotive fleet leasing and management
Outcome of assessment
Not opposed
Total review days *
22
Commenced public review
26th July 2006
Date completed
24th August 2006
Market definition
The Australian market for car fleet leasing and management
Competition analysis
Orix Australia and Fleet Partners both provide commercial vehicle fleet management and financing. A large number of competitors offer similar services, barriers to entry are likely to be low and customers are likely to have a high degree of countervailing power. Consequently, the acquisition is unlikely to substantially lessen competition.
Review timeline
Date
Event
26th July 2006
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.
9th August 2006
Closing date for submissions from interested parties
24th August 2006
ACCC announced its decision not to oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
