Completed

Acquirer: Deutsche Asset Management; Target: Zurich Scudder Investments Australia Ltd

Summary

See information provided in Competition Analysis

Market definition

Funds managment

Competition analysis

The Commission concluded that the combined market share of the Asset Management market held by Deutsche Bank post-merger would not cross any of the Commission's thresholds for the exercise of market power. The acquisition is unlikely to result in a substantial lessening of competition.

Guidelines thresholds

Below

Acquirer: SGS Societe Generale de Surveillance Holding (SA); Target: Lakefield Oretest Pty Ltd

Summary

It is proposed that SGS Societe General de Surveillance Holding SA ('SGS') will acquire control of Lakefield Oretest Pty Ltd ('Lakefield') via the acquisition of a controlling interest in Lakefield Oretest's Canadian parent company, Lakefield Research Limited.

Market definition

The industries in which the parties operate are the provision of scientific and technical services for mineral and precious metal (including assay/gold) laboratory testing, environmental testing and project management.

Acquirer: Pioneer Construction Materials Pty Ltd; Target: EB Mawsons & Sons Pty Ltd

Summary

Proposed tolling arrangement for pre-mixed concrete batching between Pioneer and Mawsons at Castlemaine

Market definition

the market for pre-mixed concrete in and around Castlemaine.

Competition analysis

The proposed arrangement only concerns the production of pre-mix concrete, and both parties to the arrangement have indicated that they will pursue independent sales, marketing and delivery of pre-mix concrete in Castlemaine.

Acquirer: Kronos Inc; Target: Australian Timewise Systems Pty Ltd

Summary

Kronos Incorporated ("Kronos") is proposing to acquire all of the issued shares in Australian Timewise Systems Pty Ltd ("ATS").

Market definition

Employee time management, productivity and attendance software.

Competition analysis

The Commission noted that its concentration thresholds were not crossed. In addition, imports hold more than 10% of the market and customers appear to have a degree of countervailing power.

Merger type

Horizontal

Acquirer: Carter Holt Harvey Ltd; Target: MGP 10 Pty Ltd

Summary

Carter Holt Harvey Limited (CHH) proposes to acquire all shares in a company known as MGP 10 Pty Limited, which owns and operates a softwood sawmill business at Morwell, Victoria. The softwood sawmill business is known as "Brown & Dureau (B&D).

Market definition

For the purposes of competition analysis the proposed acquisition was considered in relation to the national market for the supply of softwood sawmill products.

Competition analysis

The Commission's concentration thresholds are not crossed.

Acquirer: Pace Farms; Target: Bartter Enterprises Pty Ltd

Summary

It is proposed that Pace Farm Pty Ltd will acquire the egg business of Bartter Enterprises Pty Limited and associated entities.

Market definition

No conclusion was reached on market definition, since even on the narrowest definition no slc is likely.

Competition analysis

The Commission concluded that it should not intervene in the proposed acquisition based on Bartter's position in the industry.

Acquirer: Qenos; Target: Orica Ltd

Summary

Orica Australia Ltd (Orica) wishes to sell its interest in the Port Botany LPG Storage Joint Venture to any subsidiary of Qenos Holding Pty Ltd. Qenos is owned by Orica (50%) and ExxonMobil (50%). Orica's share of the JV is 71.5%. The other JV parties are Shell, Mobil and Elgas

Market definition

Market for the storage and distribution of LPG in NSW.

Competition analysis

This matter does not appear to raise any competition issues.

Acquirer: Australian Dried Fruits Sales Pty Ltd (Sunbeam Foods); Target: Irymple Packing Pty Ltd, Mildura Co-operative Fruit Company Ltd The

Summary

Sunbeam Foods (a marketing operation) proposes to acquire the dried vine fruit operations of the processors and packers Irymple (IPPL) and Mildura Co-op (MCFC). IPPL and MCFC each own 50% of the issued capital of Sunbeam Foods.

Market definition

Market for processing/packing of dried vine fruit; market for marketing of dried vine fruit

Competition analysis

Under this proposal, Sunbeam Foods is acquiring the two companies which jointly own it.

Acquirer: Mayne Nickless Healthcare Holdings Pty Ltd; Target: Endeavour Healthcare

Summary

Proposed acquisition of Endeavour Healthcare's Melbourne Assets by Mayne Nickless.

Market definition

The Commission considered radiology, pathology and diagnostic services markets within metropolitan Melbourne (inlcuding several localised areas).

Competition analysis

The Commission decided not to intervene in the acquisition of Endeavour Health Care by the Mayne Group Limited (Mayne).