General Motors Company - proposed acquisition of the non-steering business of Delphi Corporation
Type of assessment
Informal Review
Reference
38668
Acquirer(s)
General Motors Company
Target(s)
Delphi Corporation
Industry
Automotive components
Summary
On 28 April 2009 the ACCC announced that it would not oppose the proposed acquisition by General Motors of Delphi's steering business.
General Motors proposed to acquire further interests in Delphi businesses that manufacture automotive components for supply to original equipment manufacturers.
Outcome of assessment
Not opposed
Total review days *
17
Commenced public review
1st September 2009
Date completed
23rd September 2009
Market definition
The ACCC considered the proposed acquisition in the context of the national markets for the supply of non-steering automotive components; namely fuel delivery modules, fuel evaporative canisters and control modules.
Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets on the basis that alternative suppliers, particularly global suppliers capable of importing automotive components into Australia, would continue to competitively constrain General Motors.
Review timeline
Date
Event
1st September 2009
ACCC commenced a review under the Merger Review Process Guidelines.
11th September 2009
ACCC timeline suspended pending receipt of further information from the merger parties.
16th September 2009
Closing date for submissions from interested parties. ACCC received further information from the merger parties. ACCC timeline recommenced.
23rd September 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.
