Spectris plc - proposed acquisition of Lochard Limited

Acquirer(s)

  • Spectris plc

Target(s)

  • Lochard Limited

Summary

Spectris plc, through its wholly owned subsidiary Spectris Australia Pty Ltd, proposes to acquire Lochard Limited.

Market definition

The ACCC considered the proposed acquisition in the context of the national market for the supply of environmental noise monitoring and management products and services.

Competition analysis

The ACCC formed the view that the proposed acquisition would be unlikely to substantially lessen competition in the relevant market. Factors informing this conclusion included:

- the availability of existing alternative suppliers for products and services;
- the availability of imported supply of products and services; and
- the ability of customers to credibly threaten to shift the supply of the relevant service elements to in-house operations, and/or to sponsor new entry or expansion for the supply of the relevant product elements.

Timeline

DateEvent
31/10/2008ACCC commenced review under the Merger Review Process Guidelines.
21/11/2008Closing date for submissions from interested parties.
09/12/2008ACCC announced it would not oppose the proposed acquisition.