Fluidra acquisition approved in NZ
The New Zealand Commerce Commission has granted clearance for Rhône Capital to acquire Fluidra. Both businesses supply residential swimming pool equipment in New Zealand, with Rhône selling under the brand name Zodiac.
Rhône sought clearance from a number of regulators in different countries, including New Zealand, as part of a proposed global merger.
In reaching its decision, the Commission considered the impact on New Zealand markets for the supply of residential swimming pool filters, pumps, heating equipment, automatic chlorinators, cleaning equipment, water features and automation controllers.
Commission Chairman Dr Mark Berry said the Commission is satisfied the acquisition is unlikely to substantially lessen competition in New Zealand markets.
“We are satisfied that the merged entity would continue to face sufficient competition from other suppliers of swimming pool equipment,” Berry said.
A public version of the written reasons for the decision will be available on the Clearances Register in due course.
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