On 8 June 2009, Fugro Holdings' parent company Fugro N.V. announced that it had agreed in principle to acquire Tenix LADS.
Outcome of assessment
Not opposed
Total review days *
21
Commenced public review
9th June 2009
Date completed
7th July 2009
Market definition
The ACCC considered the competitive effects of the proposed acquisition in the context of the global market for airborne LiDAR bathymetry (ALB) survey services for clear shallow water surveys, focussing on the supply of these services in Australia.
Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant market. Factors informing this conclusion included:
- the existence of global competitors capable of supplying their services to Australia;
- barriers to new entry and expansion did not appear to be insurmountable;
- some customers of the merger parties had the ability to conduct the relevant services in-house if necessary; and
- the dynamic nature of the relevant market, including market growth and technological innovation offering greater scope for new entry over time.
Review timeline
Date
Event
8th June 2009
Fugro Holdings' parent company Fugro N.V. announced that it had agreed in principle to acquire Tenix LADS.
9th June 2009
ACCC commenced review under the Merger Review Process Guidelines.
19th June 2009
Closing date for submissions from interested parties.
7th July 2009
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.
