Statement: PropertyIQ’s application to acquire Terralink

Media Release - Statement of preliminary issues for PropertyIQ’s application to acquire the business and assets of Terralink

Media Release

Issued: 9 August 2013

Release No. 8

The Commerce Commission has published a statement of preliminary issues relating to an application from PropertyIQ seeking clearance to acquire the business and assets of Terralink.

Both PropertyIQ and Terralink supply a range of property information and data analytics services in New Zealand.

The statement of preliminary issues outlines the key competition issues that the Commission currently considers will be important in deciding whether or not to grant clearance. The Commission’s statement of preliminary issues and the public version of the application are on the Commission’s website at: www.comcom.govt.nz/clearances-register/

The Commission invites submissions from parties who consider that they have information relevant to the Commission’s consideration of this matter. Submissions can be sent to registrar@comcom.govt.nz with the reference PropertyIQ/Terralink in the subject line of your email or to PO Box 2351, Wellington 6140 by 4pm on Friday 23 August 2013.

Background
PropertyIQ is a New Zealand based company which provides property information and services. PropertyIQ offers a range of products including property reports to consumers and real estate professionals, customised data and analytical services to corporate customers, and the wholesaling of data sets. PropertyIQ is owned 50% by Quotable Value Limited (a Crown owned company) and 50% by RP Data New Zealand Limited.

Terralink Limited is a New Zealand company specialising in the provision of geospatial data and services. Terralink also provides a range of property information data sets, reports and services.

ENDS

© Scoop Media