Crane Group Ltd - proposed acquisition of Kingston Bridge Engineering Pty Ltd
Type of assessment
Informal Review
Reference
26751
Acquirer(s)
Crane Group Ltd
Target(s)
Kingston Bridge Engineering Pty Ltd
Industry
Pipeline system manufacturing
Summary
Iplex Pipelines Australia Pty Limited, a subsidiary of Crane Group Ltd, proposed to acquire Kingston Bridge Engineering Pty Ltd.
Outcome of assessment
Not opposed
Total review days *
28
Commenced public review
4th July 2007
Date completed
10th August 2007
Market definition
The ACCC considered the proposed acquisition in the context of the national market for the manufacture and supply of polyethylene pipeline systems (including pipes and fittings).
Competition analysis
On 10 August 2007, the ACCC decided to not intervene in the proposed acquisition.
The ACCC concluded that, in relation to the supply of polyethylene pipeline systems, it was likely Iplex would continue to face competitive constraints from alternative suppliers of pipeline products and new entrants post-acquisition. Accordingly, the ACCC considered that the proposed acquisition was unlikely to substantially lessen competition for the manufacture and supply of polyethylene pipeline systems.
Review timeline
Date
Event
4th July 2007
ACCC commenced review under the Merger Review Process Guidelines.
19th July 2007
Closing date for submissions from interested parties.
10th August 2007
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
