- Title:
Yokohama Rubber Co. / Trelleborg Wheel Systems - Time:
07:00:07 - Date:
31 Jan 2023 - Category:
Acquisitions and alliances - ID:
3245O
Start of CMA Merger Investigation: Anticipated acquisition by Yokohama Rubber Co., Ltd of Trelleborg Wheel Systems Holding AB
The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
The CMA announced the launch of its merger inquiry by notice to the Parties on 31 January 2023 and has a deadline of 28 March 2023 to announce its decision on whether to refer this transaction for an in-depth Phase 2 review.
Invitation to comment: Closes on 14 February 2023
Yokohama Rubber Co,. Ltd and Trelleborg Wheel Systems Holding AB are both active in the manufacturing and supply of rubber tyres for off-highway vehicles (e.g., agricultural, industrial) in the UK.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party."
These comments should be provided by the deadline set out above to:
Sophie Halls, Principal Case Officer
Alexandru Dumitru, Case officer
Yokohama Rubber Co. / Trelleborg Wheel Systems07:00:0731 Jan 2023Acquisitions and alliances3245O