SPX Corporation / McLeod Russell Holdings plc

OFT closed case: Anticipated Acquisition by SPX Corporation of McLeod Russell Holdings plc.

From:
Competition and Markets Authority
Published
11 February 2004
Case type:
Mergers
Case state:
Closed
Market sector:
Engineering
Outcome:
Mergers - phase 1 found not to qualify
Closed:
11 February 2004

Affected market: Air treatment products

No. ME/1578/04

On the basis of the information available to it, the Office of Fair Trading has decided that the proposed acquisition of McLeod Russell Holdings plc by SPX Corporation 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 11 February 2004