Commission receives clearance application

Media Release

20 May 2003

Commission receives clearance application
from Gallagher Holdings

The Commerce Commission has received an application from Gallagher Holdings Limited seeking clearance to acquire 100 percent of the shares of Tru-Test Corporation Limited.

The Gallagher Group is headquartered in Hamilton and comprises a number of companies with a primary focus on the design, manufacture and marketing of animal and security management systems in New Zealand. Gallagher’s key products include: rural and industrial fencing products; animal weighing systems; contract manufacturing products; security access control products; and fuel dispensing products.

Tru-Test is headquartered in Auckland, and designs, manufactures and markets agritech solutions. Tru-Test’s key products include: rural and industrial fencing products; animal weighing systems; contract manufacturing products; milk metering equipment; shearing products; and brain monitoring equipment.

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

A public version of the application will be available shortly on the Commission’s website under Adjudication.

ENDS

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