The UK’s competition watchdog revealed Wednesday it may launch an in-depth review of Solera’s £340 million ($441 million) takeover of private equity-backed Autodata, a European provider of technical information to the automotive aftermarket, unless the Texas-based acquirer offers a suitable remedy.
The Competition and Markets Authority’s initial investigation of the transaction found that Solera and Autodata are the two main suppliers of vehicle maintenance and repair information platforms in the UK, and a tie-up may hurt competition.
Firms have until May 24 to offer an undertaking to CMA that might be accepted Source text for Eikon.
Full Content: Reuters
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