Toll Holdings Limited - completed acquisition of Express Logistics Australia Pty Ltd
Type of assessment
Informal Review
Reference
39406
Acquirer(s)
Toll Holdings Limited
Target(s)
Express Logistics Australia Pty Ltd
Industry
Freight forwarding
Summary
On 23 October 2009, Toll Holdings Limited announced the acquisition of Express Logistics Group, which included Express Logistics Australia Pty Ltd.
Outcome of assessment
Not opposed
Total review days *
38
Commenced public review
28th October 2009
Date completed
21st December 2009
Market definition
The ACCC considered the completed acquisition in the context of a market for the supply of international freight forwarding services for the transport of freight to and from Australia.
Competition analysis
The ACCC concluded that the completed acquisition was unlikely to result in a substantial lessening of competition on the basis that Toll's remaining competitors would continue to impose a competitive constraint on Toll's ability to increase its prices or offer lower quality international freight forwarding services to its customers.
Review timeline
Date
Event
28th October 2009
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.
31st October 2009
Toll Holdings Limited acquired Express Logistics Group Ltd.
11th November 2009
Closing date for submissions from interested parties.
21st December 2009
ACCC announced it would not oppose the completed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
