Acquirer(s)
- Smith & Nephew plc
Target(s)
- Centerpulse AG
Summary
Proposed acquisition of Centerpulse AG by Smith & Nephew plcMarket definition
The relevant market was considered to be the separate national markets for the supply of hip and knee orthopaedic implantsCompetition analysis
While the proposed acquisition would exceed the Commission's concentration thresholds for each market, the following factors indicate that the proposed acquisition is unlikely to substantially lessen competition:* Centrepulse does not appear to be a significant competitor in Australia;
* imports of the relevant products account for virtually all domestic sales;
* barriers to entry for the manufacture and the importing and supply of the relevant products appear to be generally low;
* there will remain a number of alternative suppliers to whom customers could turn; and
*public hospitals appear to possess some degree of countervailing power through competitive tendering for the relevant products.
Merger type
Horizontal
Guidelines thresholds
Unknown
Imports above 10%
Yes
Initiation
Parties
ANZSIC code
2832