IAA, Inc. / SYNETIQ Holdings Limited merger inquiry

The CMA investigated and cleared the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

Statutory timetable

Phase 1 Date Action
5 March 2022 Decision published
2 March 2022 Decision announced
12 January to 26 January 2022 Invitation to comment
12 January 2022 Launch of merger inquiry
5 November 2021 Initial enforcement order

Phase 1

CMA clearance decision

2 March 2022: The CMA has cleared the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

Revocation of initial enforcement order

10 February 2022: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

Launch of merger inquiry

12 January 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed

12 January 2022: The CMA is considering whether it is or may be the case that this transaction has resulted 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 has resulted 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.

Initial enforcement order

5 November 2021: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on IAA, Inc., IAA International Holdings Limited and SYNETIQ Holdings Limited in relation to the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited.

Amendments/ consents granted

Contact

Please send written representations about any competition or public interest to general.enquiries@cma.gov.uk.

Updates to this page

Published 8 November 2021
Last updated 5 May 2022 + show all updates
  1. Full text decision published.

  2. Clearance decision announced.

  3. Revocation Order published.

  4. Derogation published.

  5. Commencement notice published.

  6. Derogation published.

  7. Derogation published.

  8. First published.