Wärtsilä Corporation / Hamworthy plc

OFT closed case: Anticipated acquisition by Wärtsilä Corporation of Hamworthy plc.

From:
Competition and Markets Authority
Published
17 January 2012
Case type:
Mergers
Case state:
Closed
Market sector:
Oil and gas refining and petrochemicals
Outcome:
Mergers - phase 1 found not to qualify
Closed:
17 January 2012

Affected market: Fluid and gas handling systems

No. ME/5304/11

Found not to qualify.

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition by Wärtsilä Corporation of Hamworthy 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 17 January 2012