GE Fleet Services Australia - proposed acquisition of Custom Fleet Australia

Summary

GE Fleet Services Australia Pty Ltd- proposed acquisition of Custom Service Leasing Ltd

Market definition

The Australian market for car fleet leasing and management

Competition analysis

GE Fleet Services and Custom Service Leasing (Custom Fleet) both provide commercial vehicle fleet management and financing. A large number of competitors offer similar services, barriers to entry are low and customers have a high degree of countervailing power. Consequently, the acquisition is unlikely to substantially lessen competition.

Merger type

Horizontal

Initiation

Parties