IAA, Inc. / SYNETIQ Holdings Limited merger inquiry

The CMA investigated and cleared the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

• From: Competition and Markets Authority
• Published: 8 November 2021
• Last updated: 5 May 2022 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Motor industry
• Outcome: Mergers - phase 1 clearance
• Opened: 8 November 2021
• Closed: 5 May 2022

Statutory timetable

Phase 1 Date	Action
5 March 2022	Decision published
2 March 2022	Decision announced
12 January to 26 January 2022	Invitation to comment
12 January 2022	Launch of merger inquiry
5 November 2021	Initial enforcement order

Phase 1

CMA clearance decision

2 March 2022: The CMA has cleared the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

• Full text decision (5.5.22)

Revocation of initial enforcement order

10 February 2022: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

• Revocation Order (10.2.22)

Launch of merger inquiry

12 January 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (12.1.22)

Invitation to comment: closed

12 January 2022: The 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 has resulted in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

Initial enforcement order

5 November 2021: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on IAA, Inc., IAA International Holdings Limited and SYNETIQ Holdings Limited in relation to the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

• Initial enforcement order (8.11.21)

Amendments/ consents granted

• Derogation 18 January 2022 (25.1.22)
• Derogation 17 December 2021 (24.12.21)
• Derogation 10 December 2021 (17.12.21)

Contact

Please send written representations about any competition or public interest to [email protected].

Published 8 November 2021
Last updated 5 May 2022 + show all updates

1. 5 May 2022

   Full text decision published.

2. 2 March 2022

   Clearance decision announced.

3. 10 February 2022

   Revocation Order published.

4. 25 January 2022

   Derogation published.

5. 12 January 2022

   Commencement notice published.

6. 24 December 2021

   Derogation published.

7. 17 December 2021

   Derogation published.

8. 8 November 2021

   First published.