Toll Holdings Limited - completed acquisition of Express Logistics Australia Pty Ltd

Acquirer(s)

  • Toll Holdings Limited

Target(s)

  • Express Logistics Australia Pty Ltd

Summary

On 23 October 2009, Toll Holdings Limited announced the acquisition of Express Logistics Group, which included Express Logistics Australia Pty Ltd.

Market definition

The ACCC considered the completed acquisition in the context of a market for the supply of international freight forwarding services for the transport of freight to and from Australia.

Competition analysis

The ACCC concluded that the completed acquisition was unlikely to result in a substantial lessening of competition on the basis that Toll's remaining competitors would continue to impose a competitive constraint on Toll's ability to increase its prices or offer lower quality international freight forwarding services to its customers.

Timeline

DateEvent
28/10/2009ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.
31/10/2009Toll Holdings Limited acquired Express Logistics Group Ltd.
11/11/2009Closing date for submissions from interested parties.
21/12/2009ACCC announced it would not oppose the completed acquisition.