Gerard Lighting Acquisitions Ltd - proposed acquisition of Lighting Corporation Limited

Acquirer(s)

  • Gerard Lighting Acquisitions Ltd

Target(s)

  • Lighting Corporation Limited

Summary

On 25 January 2008, Gerard Lighting acquired Lighting Corporation Limited.

Market definition

The ACCC considered the acquisition in the context of state based markets for the design, assembly and supply of functional vehicular traffic luminaries.

Competition analysis

On 26 February 2008, the ACCC formed the view that the acquisition would be unlikely to result in a substantial lessening of competition. In reaching this view, the ACCC considered that:
- there are other suppliers of functional category V luminaries, particularly Thorn and Gough, that have the relevant approvals to supply in some states and that could expand their current supply in response to an attempted increase in prices; and
- there is a potential for functional category V luminaries to be sourced from overseas, in a timely fashion and without significant investment, for supply in Australia at competitive prices.

Timeline

DateEvent
19/12/2007ACCC sought information from Gerard Lighting.
24/12/2007ACCC received Gerard Lighting's response. ACCC commenced review under the Merger Review Process Guidelines.
16/01/2008Closing date for submissions from interested parties.
21/02/2008Former proposed date for announcement of ACCC's findings amended to allow for provision of additional information by Gerard Lighting.
26/02/2008ACCC announced it would not oppose the proposed acquisition.