Toll Holdings Limited - completed acquisition of SkyNet Worldwide Express

Acquirer(s)

  • Toll Holdings Limited

Target(s)

  • SkyNet Worldwide Express

Summary

In December 2007, Toll Holdings acquired SkyNet Worldwide Express, which was a Sydney based provider of international and domestic express freight services.

Market definition

For the purposes of assessing this acquisition, the ACCC considered the following markets: the national market for the supply of express freight services (Australian express freight market); and the market for the supply of express freight services to and from Australia (international express freight market).

Competition analysis

The ACCC considered that the acquisition was unlikely to substantially lessen competition in the relevant markets. The ACCC considered that Toll will continue to face competitive constraints from a number of strong competitors which exist in both the Australian and international express freight markets and the threat of new entry or expansion.

Timeline

DateEvent
01/12/2007Toll Holdings Limited acquired SkyNet Worldwide Express.
23/03/2009ACCC commenced review under the Mergers Review Process Guidelines.
03/04/2009Closing date for submissions from interested parties.
07/04/2009ACCC announced it would not oppose the acquisition.