IQE plc / Kopin Wireless

OFT closed case: Completed acquisition by IQE plc of Kopin Wireless, a division of Kopin Corporation.

From:
Competition and Markets Authority
Published
22 March 2013
Case type:
Mergers
Case state:
Closed
Market sector:
Electronics
Outcome:
Mergers - phase 1 found not to qualify
Closed:
22 March 2013

Affected market: Manufacture of electrical components

No. ME/5950/13

On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition of Kopin Wireless, a division of Kopin Corporation by IQE plc 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 as Kopin wireless has no turnover in the UK. A relevant merger situation has, therefore, not been created.

Published 22 March 2013