Element Materials Technology Group / Exova Group merger inquiry

The CMA investigated and cleared the completed acquisition by Element Materials Technology Group Limited of Exova Group Plc.

• From: Competition and Markets Authority
• Published: 30 June 2017
• Last updated: 14 September 2017 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Engineering
• Outcome: Mergers - phase 1 clearance
• Opened: 30 June 2017
• Closed: 14 September 2017

Statutory timetable

Phase 1 date	Action
14 September 2017	Decision published
1 September 2017	Decision announced
14 August 2017	Revocation of initial enforcement order
13 to 27 July 2017	Invitation to comment
13 July 2017	Launch of merger inquiry
29 June 2017	Initial enforcement order

Phase 1

CMA clearance decision

1 September 2017: The CMA has cleared the completed acquisition by Element Materials Technology Group Limited of Exova Group Plc. The full text of the decision is available below.

• Full text decision (14.9.17)

Revocation of initial enforcement order

14 August 2017: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

• Revocation order (14.8.17)

Invitation to comment: now closed

13 July 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted 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.

Launch of merger inquiry

13 July 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (13.7.17)

Initial enforcement order

On 29 June 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Element Materials Technology Group Limited, in relation to the completed acquisition by Element Materials Technology Group Limited of Exova Group Plc.

• Initial enforcement order (30.6.17)

Amendments/consents granted

• Derogation 5 July 2017 (5.7.17)

Contact

[email protected]

Published 30 June 2017
Last updated 14 September 2017 + show all updates

1. 14 September 2017

   Full text of the decision published.

2. 1 September 2017

   Clearance decision announced.

3. 14 August 2017

   Revocation order published.

4. 13 July 2017

   Launch of CMA merger inquiry and invitation to comment issued.

5. 5 July 2017

   Derogation published.

6. 30 June 2017

   First published.