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Commission clears acquisition of Electropar

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, June 24 NZPA - The Commerce Commission has granted clearance for Preformed Line Products Co (PLP) to acquire Electropar Ltd.

PLP is an international company that designs and manufactures products and systems for overhead and underground networks for energy, communications and broadband network companies. Electropar is a privately owned New Zealand based company which makes electrical engineering components for use in the electricity transmission and distribution, defence and industrial sectors.

The commission said it considered the impact of the acquisition on the national market for the supply of conductor and insulator fittings.

Commerce Commission chairman Mark Berry said the commission was satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in the affected market.

The commission considers the merged entity is likely to be constrained by a combination of existing competition, the ease of expansion from other existing competitors that could source products from very large overseas manufacturers, and the countervailing power of Transpower and distribution network companies.

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