Baker Hughes / Akastor merger inquiry
The CMA investigated the anticipated joint venture between Baker Hughes Holdings LLC and Akastor ASA that will merge Baker Hughes’ Subsea Drilling Systems business and Akastor’s wholly owned subsidiary MHWirth AS.
Statutory timetable
| Phase 1 | Action |
|---|---|
| 6 August 2021 | Decision published |
| 3 August 2021 | Decision announced |
| 18 June 2021 | Launch of merger inquiry |
| 18 June 2021 to 2 July 2021 | Invitation to comment |
Phase 1
Found not to qualify decision
3 August 2021: The CMA has decided that the anticipated joint venture between Baker Hughes Holdings LLC and Akastor ASA does not qualify for investigation under the merger provisions of the Enterprise Act 2002.
- (6.8.21)
Launch of merger inquiry
18 June 2021: The CMA announced the launch of its merger inquiry by notice to the parties.
- (18.6.21)
Invitation to comment: now closed
18 June 2021: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
These comments should be provided by the deadline set out above.
- (18.6.21)
Contact
Please send written representations about any competition issues to general.enquiries@cma.gov.uk.
Updates to this page
Last updated 6 December 2022 + show all updates
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Incorrect announcement was published on the wrong case page. Consideration of undertakings announcement has been removed and put on the correct page.
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Considering undertakings offered announcement published.
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Full text decision published.
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The CMA has announced a found not to qualify decision in this case.
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First published.