The UK’s Competition and Markets Authority (CMA) on Friday launched an investigation into Uber’s acquisition of Autocab, a UK technology company that provides private hire and taxi operators with the necessary technology to run their businesses. The notice dated 29-1-2021 read asunder:
“The Competition and Markets Authority (CMA) hereby gives notice pursuant to section 96(2A) of the Act that the merger notice provided by Uber International B.V. in relation to the anticipated acquisition by Uber International B.V. of GPC Computer Software Limited and its subsidiaries (the Merger) meets the requirements of section 96(2) of the Act.
The initial period defined in section 34ZA(3) of the Act in relation to the Merger will therefore commence on the first working day after the date of this notice, ie on 1 February 2021. The deadline for the CMA to announce its decision whether to refer the Merger for a Phase 2 investigation is therefore 26 March 2021. “
Uber first announced its intention to acquire Autocab in August last year. Jamie Heywood, Uber’s Regional General Manager for Northern and Eastern Europe
CMA issued notice under section 96(2A) of the Enterprise Act 2002, stating that the merger notice provided by Uber meets the requirements of section 96(2) of the Act. It is considering whether the acquisition may result in a “substantial lessening of competition within any market or markets in the UK for goods or services.”
” The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result 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 may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”
CMA has invited public comments to assist with the assessment of the merger, and the last date to send in the comments is February 12. It is expected to announce its decision by March 26.
See the notice