BAE Systems Australia Ltd - proposed acquisition of a further 50% interest in TenixToll Defence Logistics
Type of assessment
Informal Review
Reference
33838
Acquirer(s)
BAE Systems Australia Ltd
Target(s)
TenixToll Defence Logistics
Industry
Defence
Summary
BAE Systems proposes to acquire the remaining 50% share in the TenixToll joint venture. The proposed acquisition would lead to BAE holding 100% of the shares in TenixToll.
Outcome of assessment
Not opposed
Total review days *
15
Commenced public review
27th November 2008
Date completed
17th December 2008
Market definition
The ACCC considered the proposed acquisition in relation to separate national markets for the sustainment of defence vehicles and land products and for the acquisition of base and garrison support services.
Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets. In reaching this view, the ACCC considered that the merged firm's pricing decisions are likely to be constrained by the presence of existing competitors.
Review timeline
Date
Event
27th November 2008
ACCC commenced review under the Merger Review Process Guidelines.
4th December 2008
Closing date for submissions from interested parties.
17th December 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.
