Horizon Global Corporation / Brink International B.V. merger inquiry

The CMA investigated the anticipated acquisition by Horizon Global Corporation of Brink International B.V.

Statutory timetable

Phase 1 date Action
12 September 2018 Decision published
12 June 2018 Decision announced
13 April 2018 to 27 April 2018 Invitation to comment
13 April 2018 Launch of merger inquiry

Phase 1

Merger reference cancelled

18 June 2018: On 12 June 2018, the Competition and Markets Authority (CMA) announced that Horizon Global Corporation’s anticipated acquisition of Brink International B.V. would be referred for an in-depth investigation unless suitable undertakings were offered to remedy the competition concerns identified.

Horizon Global Corporation and Brink International B.V. have since confirmed that they have abandoned the transaction and, on this basis, the CMA has decided not to make a reference in this case.

Reference unless undertakings accepted

12 June 2018: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision will be available shortly.

Invitation to comment: closed 27 April 2018

13 April 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result 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 may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party. These comments should be provided by the deadline set out above.

Launch of merger inquiry

13 April 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

Contact

Please send written representations about any competition issues to:

mergersupportteam@cma.gov.uk

Published 13 April 2018
Last updated 12 September 2018 + show all updates
  1. Full text decision published.
  2. Decision not to refer published.
  3. Merger cancellation announced.
  4. Decision announced: reference unless undertakings accepted.
  5. First published.