Crane Group Ltd - proposed acquisition of Kingston Bridge Engineering Pty Ltd

Acquirer(s)

  • Crane Group Ltd

Target(s)

  • Kingston Bridge Engineering Pty Ltd

Summary

Iplex Pipelines Australia Pty Limited, a subsidiary of Crane Group Ltd, proposed to acquire Kingston Bridge Engineering Pty Ltd.

Market definition

The ACCC considered the proposed acquisition in the context of the national market for the manufacture and supply of polyethylene pipeline systems (including pipes and fittings).

Competition analysis

On 10 August 2007, the ACCC decided to not intervene in the proposed acquisition.

The ACCC concluded that, in relation to the supply of polyethylene pipeline systems, it was likely Iplex would continue to face competitive constraints from alternative suppliers of pipeline products and new entrants post-acquisition. Accordingly, the ACCC considered that the proposed acquisition was unlikely to substantially lessen competition for the manufacture and supply of polyethylene pipeline systems.

Timeline

DateEvent
04/07/2007ACCC commenced review under the Merger Review Process Guidelines.
19/07/2007Closing date for submissions from interested parties.
10/08/2007ACCC announced it would not oppose the proposed acquisition.