UK's CMA raises competition concerns over Lindab's acquisition of HAS-Vent in circular ducts and fittings market.
UK's Competition and Markets Authority (CMA) finds Lindab's acquisition of HAS-Vent could raise competition concerns in England and Wales, especially in circular ducts and fittings. The merged company could dominate the market, potentially increasing costs for contractors and installers, impacting commercial project construction costs. CMA gives Lindab and HAS-Vent five working days to address competition concerns or face a Phase 2 investigation.
April 26, 2024
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