Acquirer(s)
- Thales International Pacific Holdings Pty Limited
Target(s)
- ADI Group Holdings Pty Ltd
Summary
Thales to acquire the remaining shares in ADI Group Holdings, the major operating company of which is ADI Limited.Market definition
Various defence prime contracting markets.Competition analysis
ADI Holdings is the holding company for a number of ADI subsidiaries. The main operating company in the group is Australian Defence Industries Limited. In 1999 the Commission considered and did not oppose the acquisition of ADI by a joint venture comprising Thales (a French owned company then known as Thomson CSF) and Transfield.Thales now wants to increase its stake in ADI Holdings to 100% by acquiring the 50% of shares in ADI Holdings that are currently owned by the Transfield Group of companies.
Available information suggests that the Department of Defence (DoD) has significant countervailing power against prime defence contractors including ADI. Imports also appear to be a competitive constraint.
Merger type
Shareholding
Guidelines thresholds
Unknown
Imports above 10%
Unknown
Initiation
FIRB