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Proposed Merger between Manitowoc Company, Inc, (through its wholly-owned subsidiary, MTW County Ltd) & Enodis Plc.
29 September 2008
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Reference: | 400-002-08 |
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Notifying Parties: | The Manitowoc Company, Inc. |
Notifying Date: | 15 August 2008 |
Summary of transaction: | PART 5 1. The Applicants The Manitowoc Company, Inc (“Manitowoc”) 2. Description of the merger This notification is in relation to the acquisition of sole control by Manitowoc over Enodis. The Parties are of the view that given the number of major players in the market, countervailing buyer power, the extent of supply-side substitutability, excess capacity, ease of expansion by existing players, and structure of the merger, the merger, when carried into effect, is unlikely to result in a substantial lessening of competition in the Reportable Markets. 3. Relevant good(s) or service(s) involved The supply of ice machines worldwide and in Singapore. |
Decision: | The proposed merger, if carried into effect, will not infringe the section 54 prohibition. |
Decision Date: | 29 September 2008 |