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