Pearson Australia Group Pty Ltd - proposed acquisition of Harcourt Assessment

Acquirer(s)

  • Pearson Australia Group Pty Ltd

Target(s)

  • Harcourt Assessment

Summary

Pearson proposes to acquire Harcourt Assessment and Harcourt International from Reed Elsevier. The acquisition is to be facilitated in Australia by Pearson Australia Group Pty Ltd integrating the Australian businesses of the Harcourt companies within its own operations.

Market definition

The ACCC considered a national market for educational publishing.

Competition analysis

The ACCC concluded that the acquisition would be unlikely to result in a substantial lessening of competition in the relevant market primarily because:
i. Barriers to entry appear to be low;
ii. The market is highly competitive with a large number of competitors remaining post-acquisition;
iii. There are a large range of substitute products available to intermediaries/booksellers and end-customers.

Timeline

DateEvent
15/05/2007ACCC commenced review under the Merger Review Process Guidelines.
23/05/2007Closing date for submissions from interested parties
15/06/2007ACCC announced it would not oppose the proposed acquisition