Hypercom / Verifone Systems

OFT closed case: Completed acquisition of Hypercom Corporation by VeriFone Systems, Inc. (excluding the assets and staff of the UK business of Hypercom).

From:
Competition and Markets Authority
Published
9 September 2011
Case type:
Mergers
Case state:
Closed
Market sector:
Telecommunications
Outcome:
Mergers - phase 1 found not to qualify
Closed:
9 September 2011

Affected market: Supply of point-of-sale terminals and associated software

No. ME/5132/11

  1. The acquisition was completed on 4 August 2011. The administrative deadline for the OFT to make a decision in this case is 29 September and the statutory deadline is 4 December 2011.
  2. On the basis of the information available to it, the Office of Fair Trading has decided that the now completed acquisition of Hypercom Corporation by VeriFone Systems, Inc. (excluding the assets and staff of the UK business of Hypercom) 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 9 September 2011