Acquirer: Custom Fleet; Target: Hertz Lease Limited

Acquirer(s)

  • Custom Fleet

Target(s)

  • Hertz Lease Limited

Summary

Custom Fleet (owned by National Australia Bank) to acquire Hertz Leasing Ltd from Ford Motor Credit Company

Market definition

Car fleet leasing and management services

Competition analysis

The Commission concluded that the increase in Custom Fleet's market share would be minimal and it would continue to face strong competitors and customers with bargaining power in an expanding market. On this basis, the Commission concluded that the proposed acquisition is not likely to result in a substantial lessening of competition.

Merger type

Horizontal

Guidelines thresholds

Unknown

Imports above 10%

Unknown

Initiation

Parties

ANZSIC code

7330