Dover Corporation / Wayne Fueling Systems Ltd merger inquiry

The CMA investigated the anticipated acquisition by Dover Corporation of Wayne Fueling Systems Ltd.

From:
Competition and Markets Authority
Published
12 August 2016
Last updated
18 January 2017 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Distribution and service industries
Outcome:
Mergers - phase 1 clearance with undertakings in lieu
Opened:
12 August 2016
Closed:
18 January 2017

Statutory timetable

Phase 1 date Action
19 December 2016 Undertakings in lieu of reference accepted
13 December 2016 Initial enforcement order
24 October 2016 Decision published
10 October 2016 Decision announced
12 to 26 August 2016 Invitation to comment
12 August 2016 Launch of merger inquiry

Phase 1

Undertakings in lieu of reference accepted

19 December 2016: The CMA has accepted undertakings in lieu of reference for the completed acquisition by Dover Corporation of Wayne Fueling Systems Ltd. A copy of the undertakings and the decision are available below.

Initial enforcement order

13 December 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Dover Corporation in relation to the completed acquisition by Dover Corporation of Wayne Fueling Systems Ltd.

Amendments/consents granted

Undertaking in lieu of reference consultation: Now closed

29 November 2016: We are consulting on proposed undertakings in lieu (UIL) of a reference for the anticipated acquisition by Dover Corporation of Wayne Fueling Systems Ltd.

CMA to consider undertakings offered

24 October 2016: The CMA considers that there are reasonable grounds for believing that the undertakings offered by the parties, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the decision is available below.

Reference unless undertakings accepted

10 October 2016: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless Dover offers acceptable undertakings to address these competition concerns. The full text of the decision is available below.

Launch of merger inquiry

12 August 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: Now closed

12 August 2016: 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.

Contact

[email protected]

Updates to this page

Published 12 August 2016
Last updated 18 January 2017 + show all updates

  1. Undertakings in lieu acceptance decision published.

  2. Undertakings in lieu of reference accepted.

  3. Initial enforcement order and derogation published.

  4. Undertaking in lieu of reference consultation launched.

  5. Decision that undertakings might be accepted added.

  6. CMA to consider undertakings announcement added and full text of the decision published.

  7. Decision announced: reference unless undertakings accepted.

  8. First published.

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