Armourguard Seeks Clearance To Acquire Group 4
Issued 2 February 2001/10
The Commerce Commission has received an application from Armourguard Security Limited to acquire all the shares in Inacro Limited, which owns security firm Group 4 Limited.
Both companies offer a range of security services and are owned by overseas companies, Armourguard by Luxembourg-based Tyco Group SARL and Inacro by Denmark-registered Group 4 Falck A/S.
The Commission's Commerce Act Manager, Geoff Thorn, said that the Commission must determine what markets are relevant to the proposal, and then assess what impact the proposal would have on competition in those markets.
The Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market. The Commission will give clearance if it is satisfied that dominance would not be acquired or strengthened.
The Commission has 10 working days in which to make its decision, but the Act allows for extensions of time if necessary. Working day 10 will be February 15.
Public copies of Armourguard's application are available from reception at the Commission's Wellington office, level 7 Landcorp House, 101 Lambton Quay.