OFT closed case: Completed acquisition by Schneider Electric SA of Andover Controls Corporation.
Affected market: Non-resident building management controls and security systems
The OFT's decision on reference under section 22 of the Enterprise Act 2002 given on 3 August.
On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition of Andover Controls Corporation by Schneider Electric SA 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.