S & K Car Park Management Pty Ltd (trading as Secure Parking) - completed acquisition of various assets of Premier Parking (NSW) and Premier Parking (VIC)

Acquirer(s)

  • Secure Parking

Target(s)

  • Assets of Premier Parking (NSW) and Premier Parking (VIC)

Market definition

The ACCC considered the completed acquisition in the context of the following relevant markets:
- separate local markets based on local government areas for the provision of car parking services to the public; and
- a national market for the provision of car park operator or management services to car park owners.

Competition analysis

The ACCC considered that the completed acquisition was unlikely to substantially lessen competition in the relevant markets due to:
- the small increase in the market concentration; and
- alternatives in each relevant market would continue to provide an effective competitive constraint on the merged entity.

Timeline

DateEvent
22/01/2010Secure Parking completed the acquisition of certain assets of Premier Parking.
25/02/2010ACCC commenced a public review under the Merger Review Process Guidelines. Market inquiries commenced.
12/03/2010Closing date for submissions from interested parties.
23/04/2010ACCC announced it would not oppose the completed acquisition.