Target(s)
- Technochem Pty Ltd
Summary
A-Gas (Australia) Pty Ltd proposed to acquire Technochem Pty Ltd (the proposed acquisition).Market definition
The ACCC considered the proposed acquisition in the context of competition in the importation and re-packaging of bulk refrigerant gases. However the ACCC did not consider it necessary to precisely define the relevant markets in order to assess the effects of the proposed acquisition as it was not likely to substantially lessen competition in any market howsoever defined.Competition analysis
The ACCC formed the view that the proposed acquisition was not likely to result in a substantial lessening of competition based on a range of factors including:- the low barriers to entry and expansion in the relevant markets, with recent evidence of new entrants and expansion;
- the presence of a number of substantial customers with a significant degree of countervailing power; and
- the existence of alternative well-resourced suppliers that would continue to compete with and constrain the merged entity.
Timeline
| Date | Event |
|---|---|
| 14/12/2011 | ACCC commenced review under the Merger Review Process Guidelines. |
| 06/01/2012 | Closing date for submissions from interested parties. |
| 20/01/2012 | ACCC requested further information from A-Gas. Former proposed decision date of 2 February 2012 delayed. ACCC timeline suspended pending receipt of further information from A-Gas. ACCC will announce a new proposed decision date upon receipt of further information from A-Gas. |
| 27/01/2012 | ACCC received further information from A-Gas. ACCC timeline recommenced. |
| 08/02/2012 | ACCC announced it would not oppose the proposed acquisition. |