DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post appears to be back on track, after the UK competition authority lifted an enforcement order pausing the deal.
In a statement today, DX Group said the UK Competition and Markets Authority (CMA) had lifted its initial enforcement order.
Enforcement orders such as this delay the integration of businesses, providing the CMA time to look into the implications of deals it feels could lead to a lessening of competition in the market.
The CMA announced in July that it was reviewing DX’s Group £3.25m acquisition, which is set to increase the operator’s presence in Scotland and consolidate the legal document exchange market there.
“The CMA has confirmed that it is continuing to conduct its assessment of the transaction and has not yet taken a decision as to whether it has or may be expected to result in a substantial lessening of competition.
“Nevertheless, based on the evidence it has received in its assessment of the transaction to date, the CMA considers that it is appropriate to revoke the initial enforcement order.
“DX will now continue with the combination of the acquired trade and assets with the company's existing operations in Scotland so as to deliver the customer service enhancements and anticipated cost savings as planned,” the operator said in a statement.”
It added it would continue to provide full assistance to the CMA.
