Toll Holdings Limited - acquisition of Courier Australia
Type of assessment
Informal Review
Reference
32016
Acquirer(s)
Toll Holdings Limited
Target(s)
Courier Australia
Industry
Transport and logistics
Summary
Toll Holdings Limited acquired Courier Australia on 1 May 2008.
Outcome of assessment
Not opposed
Total review days *
15
Commenced public review
3rd June 2008
Date completed
24th June 2008
Market definition
The ACCC did not consider it necessary to reach a definitive view on market definition in this matter. However, for the purposes of the competition analysis, the ACCC considered the following markets:
- the market for the supply of (time critical) courier services within Greater Perth (Perth Courier Market); and
- the market for the supply of (non time critical) express freight services within Western Australia (WA Express Freight Market).
Competition analysis
On 24 June 2008, the ACCC formed the view that the acquisition was unlikely to result in a substantial lessening of competition in the relevant markets. The ACCC considered that barriers to entry and expansion were relatively low in the relevant markets and that customers could readily switch to a competing provider at little cost.
Review timeline
Date
Event
7th April 2008
Toll Holdings Limited acquired Courier Australia.
3rd June 2008
ACCC commenced review under the Merger Review Process Guidelines.
24th June 2008
Closing date for submissions from interested parties.
24th June 2008
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.
