Findel plc / GLS Educational Supplies Ltd
OFT closed case: Completed acquisition by Findel plc of GLS Educational Supplies Limited.
Affected market: Educational supplies
On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition of GLS Educational Supplies Limited by Findel plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.
The OFT received representations from both Findel and from third parties as to whether the acquisition met the share of supply test. After examining the information provided by all parties and undertaking its own analysis based on data published by the British Educational Supplies Association (BESA), the OFT concluded that the test was not met in this case.