Gurit Holding AG / High Modulus International

OFT closed case: Completed acquisition by Gurit Holding AG of High Modulus International

From:
Competition and Markets Authority
Published
17 February 2010
Case type:
Mergers
Case state:
Closed
Market sector:
Engineering
Outcome:
Mergers - phase 1 found not to qualify
Closed:
17 February 2010

Affected market: Marine composite engineering

No. ME/4425/10

The OFT's decision on reference under section 22(1) given on 17 February 2010. Full text of decision published on 18 February 2010.

On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition of High Modulus International by Gurit Holding AG 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.

Published 17 February 2010