Honeywell / First Technology [2006] IECompA m06003 (19 January 2006)

Honeywell / First Technology [2006] IECompA m06003 (19 January 2006)

The proposed acquisition does not raise competition concerns and is compatible with Irish competition law.

Parties
Acquirer: Honeywell International Inc.; Target: First Technology plc
Jurisdiction
Ireland
Judgment Date
19 January 2006
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Sole Control
Competition Law Merger Control Acquisition of Sole Control

Case Brief

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Parties

Honeywell International Inc.

Acquirer

First Technology plc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control by Honeywell International Inc. over First Technology plc is compatible with competition law requirements in Ireland.

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is compatible with Irish competition law.

Court Disposition

Cleared

Orders

  • The proposed acquisition by Honeywell International Inc. of sole control of First Technology plc is approved.