Acquirer(s)
- Linfox Transport Australia Pty Ltd
Target(s)
- FCL Interstate Transport Services Pty Ltd
Summary
Australia's largest privately owned transport company, Linfox, proposed to acquire rail freight forwarder FCL.Market definition
The relevant markets in this matter were considered to be:- the market for rail freight forwarding between the eastern states and Perth; and
- the market for freight forwarding between the eastern states.
Competition analysis
The ACCC noted that the proposed acquisition would lead to increased market concentration in the relevant markets, but did not consider that this would lead to a substantial lessening of competition.In the east-west market, the ACCC noted that the presence of a number of different rail freight forwarders, including the combined Toll/Patrick entity, would be likely to provide a competitive constraint on the merged entity post merger.
In the north-south market, the ACCC concluded that the presence of many different rail, road and sea freight forwarders, including the combined Toll/Patrick entity, would be likely to have the effect of providing a competitive constrain on the merged entity.
In the north-south market, the ACCC concluded that the presence of many different rail, road and sea freight forwarders, including the combined Toll/Patrick entity, would be likely to provide a competitve constrain on the merged entity.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commence |
|
Closing date for submissions from interested parties |
|
ACCC announced that it would not oppose the proposed acquisition |