SSP Holdings plc / Sirius Financial Solutions plc

OFT closed case: Anticipated acquisition by SSP Holdings plc of Sirius Financial Solutions plc

From:
Competition and Markets Authority
Published
26 June 2007
Case type:
Mergers
Case state:
Closed
Market sector:
Electronics
Outcome:
Mergers - phase 1 found not to qualify
Closed:
26 June 2007

Affected market: IT Systems for insurance industry

No. ME/3061/07

The Office of Fair Trading received one anonymous complaint about this transaction, however on the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition by SSP Holdings plc of Sirius Financial Solutions 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. A relevant merger situation has, therefore, not been created.

Published 26 June 2007