A PYMNTS Company

VPS’ acquisition of SitexOrbis referred to Competition Commission

 |  March 5, 2012

The OFT has referred the completed acquisition of SitexOrbis Holdings by VPS Holdings Limited to the Competition Commission. SitexOrbis and VPS are the U.K.’s largest suppliers of vacant property security services, such as steel screens, doors, and alarms. Following its investigation, the OFT determined that the merger raises competition concerns in the supply of vacant property security services, and may lead to increased prices or reduced choice.

Full content: OFT Press Release


Related ContentThe OFT Discussion Paper – Private Actions In Competition Law: Effective Redress For Consumers And Businesses (Emanuela Lecchi, Watson, Farley & Williams)