The Australian Competition and Consumer Commission will not oppose the proposed acquisition by Brambles Australia Limited of Cockburn Corporation Limited.
Cockburn has an equipment hire operation in Western Australia and the Northern Territory. Brambles' equipment business, Wreckair, operates Australia-wide.
Wreckair/Cockburn should face competition from Coates and, to some degree, from specialist operators for each type of product it offers for hire, Acting ACCC Chairman, Mr Allan Asher, said today.
Further, barriers to entering the markets appear to be low. In particular, there appears to be a number of potential sources of entry to the Western Australian and Northern Territory markets, namely equipment hire firms currently operating on the east coast of Australia and equipment manufacturers that might offer their equipment for hire. The threat of potential competition should constrain the merged firm.
The ACCC has therefore concluded that the proposed acquisition is unlikely to substantially lessen competition.
For further information about this media release: Mr Allan Asher, Acting Chairman, (02) 6243 1138 Ms Lin Enright, Director, Public Relations, (02) 6243 1108
Cockburn has an equipment hire operation in Western Australia and the Northern Territory. Brambles' equipment business, Wreckair, operates Australia-wide.
Wreckair/Cockburn should face competition from Coates and, to some degree, from specialist operators for each type of product it offers for hire, Acting ACCC Chairman, Mr Allan Asher, said today.
Further, barriers to entering the markets appear to be low. In particular, there appears to be a number of potential sources of entry to the Western Australian and Northern Territory markets, namely equipment hire firms currently operating on the east coast of Australia and equipment manufacturers that might offer their equipment for hire. The threat of potential competition should constrain the merged firm.
The ACCC has therefore concluded that the proposed acquisition is unlikely to substantially lessen competition.
For further information about this media release: Mr Allan Asher, Acting Chairman, (02) 6243 1138 Ms Lin Enright, Director, Public Relations, (02) 6243 1108