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Verticon applies for clearance

25 August 2006/028

Verticon applies for clearance to acquire Boyd Cranes

The Commerce Commission has received an application from Verticon Group Limited (Verticon) seeking clearance to acquire the assets and business of Boyd Crane Hire Limited.

Verticon is a publicly- listed Australian company. Its subsidiary, Verticon New Zealand Limited provides crane hire services and hoist hire services in various regions of New Zealand.

Boyd Crane Hire provides crane hire services in the Queenstown Lakes area.

In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market.

A public version of the application will shortly be available on the Commission’s website www.comcom.govt.nz under Public Registers.

ENDS

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