S & K Car Park Management Pty Ltd (trading as Secure Parking) - completed acquisition of various assets of Premier Parking (NSW) and Premier Parking (VIC)
Type of assessment
Informal Review
Reference
38520
Acquirer(s)
Secure Parking
Target(s)
Assets of Premier Parking (NSW) and Premier Parking (VIC)
Industry
Carpark operation
Outcome of assessment
Not opposed
Total review days *
38
Commenced public review
25th February 2010
Date completed
23rd April 2010
Market definition
The ACCC considered the completed acquisition in the context of the following relevant markets:
- separate local markets based on local government areas for the provision of car parking services to the public; and
- a national market for the provision of car park operator or management services to car park owners.
Competition analysis
The ACCC considered that the completed acquisition was unlikely to substantially lessen competition in the relevant markets due to:
- the small increase in the market concentration; and
- alternatives in each relevant market would continue to provide an effective competitive constraint on the merged entity.
Review timeline
Date
Event
22nd January 2010
Secure Parking completed the acquisition of certain assets of Premier Parking.
25th February 2010
ACCC commenced a public review under the Merger Review Process Guidelines. Market inquiries commenced.
12th March 2010
Closing date for submissions from interested parties.
23rd April 2010
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.
