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 Orikan’s proposed acquisition of Duncan by 4pm on 16 September 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 Market Inquiries Letter published below. Following 16 September 2024, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.
For more details, please refer to the Market Inquiries letter published below.
Market inquiries
| Document title | Date | |
|---|---|---|
| Orikan Duncan - Market inquiries letter |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Informal Merger Review Guidelines. |
|
Closing date for submissions. |
|
Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues). |