Toll Holdings Limited - completed acquisition of Golden Riverland Express

Acquirer(s)

  • Toll Holdings Limited

Target(s)

  • Golden Riverland Express

Summary

In March 2008, Toll Holdings Limited acquired Golden Riverland Express Partnership and S.E. Express Partnership (together known as Golden Riverland Express). Golden Riverland provided intrastate express freight services between Adelaide and South Australian regional areas.

Market definition

For the purposes of assessing this acquisition, the ACCC considered the market for the supply of express freight services in South Australia.

Competition analysis

The ACCC considered that the acquisition was unlikely to substantially lessen competition in the relevant market. The ACCC considered that Toll will continue to face competitive constraints from a number of alternative suppliers of express freight services and the threat of new entry or expansion.

Timeline

DateEvent
01/03/2008Toll Holdings Limited acquired Golden Riverland Express.
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.