Compagnie Generale de Geophysique - proposed acquisition of Veritas DGC Inc

Acquirer(s)

  • Compagnie Generale de Geophysique

Target(s)

  • Veritas DGC Inc

Summary

Compagnie Generale de Geophysique - proposed acquisition of Veritas DGC Inc

Market definition

The ACCC did not need to conclusively define the relevant markets for this matter. It therefore adopted narrowly defined separate national markets for the supply of:
- marine seismic data acquisition services; and
- seismic data processing services.

Adopting markets with a wider product dimension would not have changed the ACCC's conclusion on whether the proposed acquisition would raise competition concerns.

Competition analysis

The ACCC considered that the proposed acquisition was unlikely to raise competition concerns given the number of existing competitors in the relevant markets; evidence of new entrants in recent years; and the use of competitive tender processes by customers (typically gas and oil companies).

Timeline

DateEvent
22/11/2006ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced
22/12/2006ACCC announced it would not oppose the proposed acquisition.