Acquirer(s)
- Kronos Inc
Target(s)
- 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
Guidelines thresholds
Below
Imports above 10%
Yes
Initiation
Parties
ANZSIC code
7855