3i Group _ HSS Hire Service Group (Hire of Tools & Equipment) [2003] IECompA M03039 (16 December 2003)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market for the hire of tools and equipment.

Citation: [2003] IECompA M03039
Parties: Acquirer: 3i Group PLC; Target: HSS Hire Services PLC
Jurisdiction: Ireland
Judgment Date: 16 December 2003
Procedural Posture: Merger Notification / Phase 1 Clearance
Outcome: Cleared
Legal Topics: Merger Control, Acquisition, Hire of Tools and Equipment

Competition Law Merger Control Acquisition Hire of Tools and Equipment

Case Brief

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Parties

3i Group PLC

Acquirer

HSS Hire Services PLC

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of HSS Hire Services PLC by 3i Group PLC would substantially lessen competition in the relevant market.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market for the hire of tools and equipment.

Court Disposition

Cleared

Orders

The proposed acquisition is approved without conditions.