The Commerce Commission has received a clearance application from Altano New Zealand Limited (Altano) to acquire 100% of the shares in Matamata Veterinary Services Limited (MVS).
The parties both provide veterinary services for horses, predominantly in the Waikato region.
Altano is a subsidiary of Altano International GmbH, a global horse veterinary company incorporated in Germany. In New Zealand, Altano International GmbH operates a horse veterinary practice in Canterbury, and two in Waikato, The Waikato Equine Veterinary Centre and the Cambridge Equine Hospital. Altano's Waikato practices provide a range of horse health and hospital care.
MVS is a specialist horse veterinary practice located in Matamata, offering a range of veterinary care for horses including surgical, reproductive, sports and foal medicine.
A public version of the clearance application will be available shortly on the Commission's case register.
Background
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
