Lindab / HAS-Vent merger inquiry

The CMA is investigating the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited.

From:
Competition and Markets Authority
Published
13 November 2023
Last updated
27 November 2024 — See all updates
Case type:
Mergers
Case state:
Open
Market sector:
Building and construction
Opened:
13 November 2023

Phase 2

Administrative timetable

Referral date: 3 May 2024

Statutory deadline: 17 October 2024

Contact

lindab.hasvent@cma.gov.uk

Notice of proposal to accept final undertakings

27 November 2024: The CMA gives notice of the proposal to accept final undertakings and is inviting comments on the proposed draft undertakings by 5pm on Wednesday 11 December 2024.

Final report

15 October 2024: The CMA has published its final report.

Responses to provisional findings and possible remedies

Provisional findings

22 August 2024: The CMA has provisionally found competition concerns as part of its in-depth investigation of the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited.

The deadline for submitting responses to the notice of possible remedies is Thursday 5 September 2024. The deadline for submitting responses to the provisional findings is Thursday 12 September 2024.

Response to the issues statement

Issues statement

28 May 2024: The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions. The deadline for submissions on the issues statement is 5pm, 11 June 2024.

Directions to appoint a monitoring trustee

28 May 2024: On 15 May 2024, pursuant to an initial enforcement order dated 10 November 2023, the CMA directed Lindab Limited, Lindab International AB and HAS-Vent Holdings Limited to appoint a monitoring trustee.

Inquiry group appointed

3 May 2024: The CMA has appointed the inquiry group:

Kirstin Baker (Chair), Robin Foster and Jeremy Newman.

Terms of reference

3 May 2024: The CMA has referred the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited for an in-depth investigation.

Phase 1

Statutory timetable

Phase 1 Action
26 April 2024 Phase 1 decision announced
28 February 2024 to 13 March 2024 Invitation to comment
28 February 2024 Launch of merger inquiry
10 November 2023 Initial enforcement order

Reference decision

3 May 2024: The CMA has referred the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

Reference unless undertakings accepted

26 April 2024: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Launch of merger inquiry

28 February 2024: The CMA announced the launch of its merger inquiry by notice to the Parties.

Invitation to comment: closed

28 February 2024: The CMA is considering whether it is or may be the case that this merger 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, or 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 merger from any interested party.

These comments should be provided by the deadline set out above.

Initial enforcement order

10 November 2023: The Competition and Markets Authority (CMA) served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the completed acquisition by Lindab International AB of HAS-Vent Holdings Limited.

Amendments / consents granted

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.

Updates to this page

Published 13 November 2023
Last updated 27 November 2024 + show all updates

  1. Notice of proposal to accept final undertakings and draft final undertakings published.

  2. Final report published.

  3. Parties’ response to the provisional findings published.

  4. Responses to provisional findings and possible remedies published

  5. Provisional findings report, and appendices and glossary published.

  6. Summary of provisional findings, notice of provisional findings, and notice of possible remedies published.

  7. Derogation published.

  8. Response to issues statement published.

  9. Derogation 29 May 2024 published.

  10. Phase 1 full text decision published. Phase 2 issues statement and directions to appoint a monitoring trustee published

  11. Administrative timetable published.

  12. Inquiry group appointed.

  13. Reference decision and terms of reference published.

  14. Phase 1 decision announced and summary document published.

  15. Launch of merger investigation.

  16. 13 December derogation published.

  17. Derogation letter published

  18. First published.

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