ACS Actividades de Construccion y Servicios SA - proposed acquisition of Hochtief Aktiengesellschaft


  • ACS Actividades de Construccion y Servicios SA


  • Hochtief Aktiengesellschaft


ACS currently holds 29.98% interest in Hochtief Aktiengesellschaft and is proposing to increase its interest.

Market definition

The ACCC considered the proposed acquisition in the context of the design, construction and operation of water infrastructure; and the design, installation and operation of tolling systems. However, the ACCC did not consider it necessary to form a definitive view on market definition.

Competition analysis

The ACCC concluded that the proposed acquisition would not be likely to substantially lessen competition in any market. In reaching this conclusion, the ACCC had regard to the following factors:
- The minimal overlap between the merger parties; and
- The presence of other competitors.


03/11/2010ACCC commenced review under the Merger Review Process Guidelines.
23/11/2010Closing date for submissions from interested parties.
06/12/2010ACCC announced it would not oppose the proposed acquisition.