Acquirer(s)
- Tyco Group (ADT Security)
Target(s)
- Signature Security Group Pty Limited
Summary
Tyco Group proposed to acquire Signature Group and merge it with its subsidiary ADT Security.Market definition
The ACCC considered the proposed acquisition within the context of:- state-based markets for the supply of electronic security installation and servicing; and
- a national market for the supply of monitoring services for electronic security systems.
Competition analysis
The ACCC considered that the proposed merger was unlikely to result in a substantial lessening of competition in the relevant markets. Key factors informing this conclusion included:- the presence of a number of existing competitors to the merged entity; and
- barriers to entry were not likely to be high.
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. |