Acquirer(s)

  • Orix Australia Corporation Ltd

Target(s)

  • Fleet Partners Pty Limited

Summary

Market definition

The Australian market for car fleet leasing and management

Competition analysis

Orix Australia and Fleet Partners both provide commercial vehicle fleet management and financing. A large number of competitors offer similar services, barriers to entry are likely to be low and customers are likely to have a high degree of countervailing power. Consequently, the acquisition is unlikely to substantially lessen competition.

Timeline

Date Event

ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.

Closing date for submissions from interested parties

ACCC announced its decision not to oppose the proposed acquisition.