Merger Alert: Apex Capital Partners Ltd and DRA Global Ltd
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
| Type of matter | Parties involved | Tribunal Decision |
| Large merger | Apex Capital Partners Ltd and DRA Global Ltd
| Approved with conditions |
The Competition Tribunal has conditionally approved the proposed merger in which Apex Capital Partners Ltd (“ACP”) intends to acquire DRA Global Ltd (“DRA Global”). Upon implementation, ACP will gain sole control of DRA Global.
The Tribunal’s approval is subject to public interest conditions relating to employment and a greater spread of ownership.
The acquiring group (ACP, its controlling entities and the firms controlled by those entities) operates in the industrial sector. Its operations include providing capital equipment for the mining, construction and quarrying industries; supplying aftermarket spare parts and ground engaging tools; and offering equipment, spares, service and aftermarket maintenance for boiler cleaning and materials handling systems.
The target group (DRA Global and its subsidiaries) is a multinational consulting engineering firm. It offers technical, project and operational support services to clients in mining, infrastructure, mineral processing, plant design and construction.
Issued by:
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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