Acquirer(s)
- Ingenico International (Pacific) Pty Ltd
Target(s)
- Sagem Monetel SAS
Summary
Ingenico International (Pacific) Pty Ltd aquired Sagem Monetel SAS in March 2008. Ingenico International (Pacific) Pty Ltd notified the ACCC on 4 December 2008.Market definition
The ACCC considered the acquisition in the context of the national market for the manufacture and supply of transaction terminals in Australia.Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant market. The ACCC considered that whilst there are some barriers to entry which international entrants may face, Ingenico is likely to be constrained by the existing competing suppliers which are vigorous global competitors.Timeline
| Date | Event |
|---|---|
Ingenico International (Pacific) Pty Ltd acquired Sagem Monetel SAS. |
|
ACCC became aware of the acquisition and commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |