Affected market: Marine composite engineering
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