Hirepool seeks clearance to acquire Hirequip

The Commerce Commission has received an application from Bligh Finance Limited, owner of the Hirepool rental business, seeking clearance to acquire the business of Hire Equipment Group Limited (Hirequip).

Hirepool and Hirequip both provide general construction, building and Do-It-Yourself equipment hire services throughout New Zealand. Hirequip also has an events hire division.

In considering the application, the Commission’s role is to determine whether the acquisition would harm competition in the market to the extent that there would be a substantial lessening of competition.

A public version of the application is available on the Commission’s website at www.comcom.govt.nz/clearances-register

Background

A fact sheet explaining how the Commission assesses mergers and acquisitions is available at www.comcom.govt.nz/merger-assessment

Media contact:  Allanah Kalafatelis, Communications Manager
Phone work (04) 924 3708, mobile 021 225 4417

Victoria Rogers, Senior Communications Adviser
Phone work (04) 924 3709, mobile 021 225 4454

Commission media releases can be viewed at www.comcom.govt.nz/media-releases