Acquirer(s)
- Orikan Group Pty Ltd
Target(s)
- Duncan Technologies Pty Ltd
Summary
On 19 April 2024, Orikan Group Pty Ltd (Orikan) requested pre-assessment from the ACCC on its proposal to acquire 100% of issued capital of Duncan Technologies Pty Ltd (Duncan).
Orikan is an unlisted company that provides end-to-end parking solutions in Australia, New Zealand and other countries. This includes the supply of parking software, payment technologies and infringement products to state governments and local councils, educational institutions, and commercial customers.
Duncan provides parking solutions in Australia and other countries, including supply and maintenance of parking meters, enforcement software and processing of infringements to government municipalities and private operators. Duncan also resells payment apps, sensors, number plate recognition hardware and software and camera automated enforcement software of third parties.
Market inquiries
Submissions are invited from interested parties regarding the ACCC's Statement of Issues in relation to Orikan’s proposed acquisition of Duncan by 5pm on 19 December 2024.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: "Submission re: Orikan/Duncan".
For more details, please refer to the Statement of Issues published below.
Following 19 December 2024, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.
Market inquiries
| Document title | Date | |
|---|---|---|
| Orikan Duncan - Market inquiries letter |
Statement of issues
| Document title | Date | |
|---|---|---|
| Orikan Duncan - Statement of Issues - 5 Dec 2024 |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Informal Merger Review Guidelines. |
|
Closing date for submissions. |
|
ACCC requested further information from the Parties. Former provisional date for announcement of findings (21 November 2024) was delayed. |
|
ACCC received further information from the merger parties. Timeline recommenced. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Timeline suspended pending receipt of information from the parties. Former provisional date for announcement of ACCC's findings (13 March 2025) was delayed. |
|
ACCC received further information from the parties. ACCC amended former provisional date for announcement of findings to 1 May 2025. |
|
Timeline suspended pending receipt of information from the parties. Former provisional date for announcement of ACCC's findings (1 May 2025) was delayed. ACCC will announce a revised proposed decision date in due course. |