Toll Holdings Limited - completed acquisition of Gluck Pty Ltd

Acquirer(s)

  • Toll Holdings Limited

Target(s)

  • Gluck Pty Ltd

Summary

In June 2008, Toll Holdings Limited acquired Gluck Pty Ltd, which was an Australian based global freight forwarding agent.

Market definition

For the purposes of assessing this acquisition, the ACCC considered the supply of international freight forwarding services for the transport of freight to and from Australia (international freight forwarding market).

Competition analysis

The ACCC considered that the acquisition was unlikely to substantially lessen competition in the relevant market. The ACCC considered that there are a number of alternative freight forwarders with operations in Australia which provide freight forwarding services internationally, which would continue to provide a competitive constraint on Toll.

Timeline

DateEvent
01/06/2008Toll Holdings acquired Gluck Pty Ltd.
23/03/2009ACCC commenced review under the Merger Review Process Guidelines.
03/04/2009Closing date for submissions from interested parties.
07/04/2009ACCC announced it would not oppose the acquisition.