Merger Update: TVS/3G

Merger reference decision announced:

On 2 June, the CMA decided that it was or may be the case that the following Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

Completed acquisition of 3G Truck & Trailer Parts Limited by TVS Europe Distribution Limited.

Pursuant to section 73A(1) of the Act, the Acquirer had until 9 June 2020 to offer an undertaking to the CMA that might be accepted by the CMA under section 73(2) of the Enterprise Act 2002 (the Act). On 8 June 2020 the Acquirer informed the CMA that it would not be offering any undertakings. The CMA has therefore decided to refer this Merger for a phase 2 investigation pursuant to sections 22(1) and 34ZA(2) of the Act.

The text of this decision will be placed on the Competition and Market Authority's web site at https://www.gov.uk/cma-cases as soon as is reasonably practicable.

For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.