Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Atlas Copco granted clearance to acquire Ash Air business

Atlas Copco granted clearance to acquire the Ash Air businesses

The Commission has granted clearance to Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) to acquire the businesses operated by four Lancaster Group Limited subsidiary companies: Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, mbar 2011 Limited, and Fox Air NZ Limited (together, the Ash Air businesses).

In New Zealand, both Atlas Copco and the Ash Air businesses import and distribute a range of equipment including air compressors, vacuum pumps and blowers, as well as providing the necessary repair and maintenance services.

The Commission is satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in the affected distribution and servicing markets for air compressors, vacuum pumps and blowers.

The Commission focused its investigation on air compressors because this is where Atlas Copco and the Ash Air businesses are each other’s closest competitors. “We consider that in the air compressor markets, the merged firm would face competition from existing suppliers, who have the ability to expand. There is also a real chance of new entry from international manufacturers,” said Commerce Commission Chairman Dr Mark Berry.

“In the vacuum pump and blower markets, there would be limited overlap between Atlas Copco and the Ash Air businesses and the merged firm would continue to face strong competition from a number of existing suppliers,” Dr Berry added.

A public version of the written reasons for the decision will be available shortly on the Commission’s website:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Sweet Health: Sugary Drinks Banned From Hospitals And Health Boards

All hospitals and DHBs are expected to kick sugary drinks out of their premises. University of Auckland researcher, Dr Gerhard Sundborn who also heads public health advocacy group “FIZZ”, says he welcomes the initiative. More>>


NASA: Evidence Of Liquid Water On Today's Mars

Using an imaging spectrometer on MRO, researchers detected signatures of hydrated minerals on slopes where mysterious streaks are seen on the Red Planet. These darkish streaks appear to ebb and flow over time. More>>


Bird Brains: Robins Can Just Be Generally Clever

Research from Victoria University of Wellington has revealed that birds may possess a ‘general intelligence’ similar to humans, with some individuals able to excel in multiple cognitive tests. More>>


Psa-V: Positive Result On Whangarei Kiwifruit Orchard

Kiwifruit Vine Health (KVH) has received a Psa-V positive test result on Hort16A and male vines on a kiwifruit orchard in Whangarei. This is the first confirmed case of Psa-V on an orchard in the Whangarei region. More>>

Regional Accents: Are Microbes The Key To Geographical Differences In Wine?

A new study of six of New Zealand’s major wine-growing regions has found that differences in flavour and aroma of wine from different areas may depend more on microbes than was previously thought. More>>


Science: AgResearch To Cut Science Staff In Areas Of 'Reduced Demand'

“We are therefore consulting with our staff from today on a proposal to reduce science staff in areas of shrinking demand. Combined with recruitment planned in areas of growing demand, this would mean a net reduction of 15 scientists and 41 technicians at AgResearch in the 2015/16 year." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news