GE/Vetco [2007] IECompA m07003 (8 January 2007)
The Competition Authority determined that the proposed acquisition did not raise competition concerns and therefore cleared the transaction at Phase 1.
- Parties
- Acquirer: General Electric Company; Target: Vetco International; Related Party: Jones Environmental Limited; Related Party: Bronica Limited; Related Party: United Utilities Plc
- Jurisdiction
- Ireland
- Judgment Date
- 08 January 2007
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- cleared
- Legal Topics
- Merger Control, Media Merger, Oil and Gas Sector
Case Brief
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Parties
General Electric Company
Acquirer
Vetco International
Target
Jones Environmental Limited
Related Party
Bronica Limited
Related Party
United Utilities Plc
Related Party
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of Vetco International by General Electric Company would substantially lessen competition in the supply of systems, products and services for onshore and offshore oil and gas production.
Ratio Decidendi
The Competition Authority determined that the proposed acquisition did not raise competition concerns and therefore cleared the transaction at Phase 1.
Court Disposition
cleared
Orders
- The proposed acquisition by General Electric Company of Vetco International is cleared under the Competition Act 2002.
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