ACCC won't oppose Zodiac and Fluidra deal
Following the recent clearance granted in New Zealand, Australia’s competition watchdog has announced it will not oppose the Zodiac/Fluidra merger.
The Australian Competition and Consumer Commission (ACCC) found that although the merger will deliver a company with significant market share in some products — including pool pumps, filters, water treatment, cleaners and automation systems — there is still sufficient competitive constraint from remaining competitors in the market.
“Any deal that combines two of the largest suppliers in an industry requires close scrutiny from the ACCC. We spoke to a range of customers and other industry participants and most of them believed that several strong competitors remained,” ACCC Commissioner Roger Featherston said.
“A combined Zodiac and Fluidra would continue to face competition from remaining global players, who have a full range of products available in Australia and are able to expand. The ACCC also found that there are other local competitors and specialist manufacturers in particular pool equipment segments,” Featherston said.
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