Tooltechnic Systems (Aust) Pty Ltd - s.87B undertaking

Tooltechnic Systems (Aust) Pty Ltd (Tooltechnic) is a wholesale supplier of power tools and/or power tool systems known by the brand “Festool” or “Festo” to hardware and power tool retailers throughout Australia.

Following an investigation, the ACCC has reached the view that Tooltechnic contravened section 48 of the Trade Practices Act 1974 by two (now former) Tooltechnic Area Managers, separately, on a total of three occasions, attempting to induce two Festool retailers not to sell Festool products at less than prices specified by Tooltechnic.

Tooltechnic has provided court enforceable undertakings to the ACCC that it will implement and maintain a trade practices compliance program