Electro Rent Corporation / Test Equipment Asset Management and Microlease merger inquiry

The CMA is investigating the completed acquisition by Electro Rent Corporation of Test Equipment Asset Management and Microlease Inc.

Statutory timetable

Phase 1 date Action
14 June 2017 Deadline for phase 1 decision (*)
18 April to 3 May 2017 Invitation to comment
13 April 2017 Launch of merger inquiry
1 February 2017 Initial enforcement order

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

Phase 1

Invitation to comment: closes 3 May 2017

18 April 2017: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

18 April 2017: On 13 April the CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

On 1 February 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Electro Rent Corporation, in relation to the completed acquisition by Electro Rent Corporation of Test Equipment Asset Management and Microlease Inc.

Amendments/consents granted:

Contact

Please send written representations about any competition or public interest concerns to:

Mark Steenson
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

Mark.Steenson@cma.gsi.gov.uk

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