Bis Industries Holdings Limited - proposed acquisition of Cougar Mining Group

Acquirer(s)

  • Bis Industries Holdings Limited

Target(s)

  • Cougar Mining Group Pty Ltd

Summary

Bis Industries Holdings Limited (Bis) proposed to acquire Cougar Mining Group Pty Ltd (Cougar). The proposed acquisition did not include Australian Mining Equipment (formerly Cougar IME), CH4 Drilling (formerly Cougar Drilling) and Cougar Stratajacks.

Bis and Cougar both provided support services to the coal mining industry, including the hiring out of underground longwall relocation equipment and other specialised mining equipment.

Market inquiries

Document title Date

Statement of issues

Document title Date

Timeline

DateEvent
17/05/2019ACCC commenced informal review under the Informal Merger Process Guidelines.
31/05/2019Closing date for submissions from interested parties.
08/08/2019ACCC published a Statement of Issues outlining preliminary competition concerns.
23/08/2019Closing date for submissions from interested parties relating to the Statement of Issues.
11/09/2019Former proposed date for announcement of findings (24th October) is delayed to allow Bis more time to provide additional information. ACCC will announce a revised proposed decision date in due course.
22/11/2019ACCC discontinued its public review after Bis informed of its intention to withdraw the proposed acquisition.