Acquirer(s)
- Spectris plc
Target(s)
- Lochard Limited
Summary
Spectris plc, through its wholly owned subsidiary Spectris Australia Pty Ltd, proposes to acquire Lochard Limited.Market definition
The ACCC considered the proposed acquisition in the context of the national market for the supply of environmental noise monitoring and management products and services.Competition analysis
The ACCC formed the view that the proposed acquisition would be unlikely to substantially lessen competition in the relevant market. Factors informing this conclusion included:- the availability of existing alternative suppliers for products and services;
- the availability of imported supply of products and services; and
- the ability of customers to credibly threaten to shift the supply of the relevant service elements to in-house operations, and/or to sponsor new entry or expansion for the supply of the relevant product elements.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |