Accc Announces Decision

Experian's Acquisition of Credit Data Solutions Unopposed by ACCC

ACCC Announces Decision

The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the acquisition of Credit Data Solutions Pty Ltd (illion) by Experian Australia Credit Services Pty Ltd (Experian).

Acquisition Details

On April 4, 2024, Experian announced its intention to acquire 100% of the shares in Credit Data Solutions.

Reasons for ACCC Approval

• The ACCC determined that the acquisition is unlikely to substantially lessen competition in the market.
• The ACCC considered the potential impact on consumers, businesses, and the broader economy.
• The ACCC consulted with industry participants and stakeholders.

Conclusion

The ACCC's decision not to oppose the acquisition clears the way for Experian to proceed with its plans. The acquisition is expected to be completed in the coming months.