M/11/016 – Dell / CIT Group
Transaction details
The Competition Authority has cleared the proposed acquisition by Dell Inc. and certain of its affiliates of certain assets comprising a part of the vendor financing business from CIT Group Inc. and certain of its affiliates.
| Notification date | Decision date |
|---|---|
| Friday May 20, 2011 | Wednesday, June 15, 2011 |
| Parties Involved | Business activities |
|---|---|
| Dell Inc. | Dell is a leading technology company, offering a broad range of product categories, including mobility products, desk-top personal computers, software and peripherals, servers and networking storage. Dell's services include a broad range of configurable information technology and business related services, including infrastructure technology, consulting and applications, and business process services. |
| CIT Group Inc. | CIT Group holds the Target assets. The target primarily provides financing services in the form of loans or leases for Dell products and services to customers located in Europe, including Ireland. Target resells certain equipment at the expiration of the lease term. |
| Economic sector | Media merger |
|---|---|
| The provision of financing services to customers. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, June 2, 2011 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Andrew Rae | Tel: 01-804 4520, email: ar@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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