ACCC approves Experian's acquisition of illion

Experian to acquire 100% of illion shares

ACCC does not oppose the acquisition

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).

On 4 April 2024, Experian announced its intention to purchase 100% of the shares in illion pursuant to the terms of a scheme of arrangement.

The ACCC's decision not to oppose the acquisition follows its review of the proposed transaction, which included an examination of the potential impact on competition in the Australian credit reporting market.

The ACCC found that the acquisition is unlikely to substantially lessen competition in the market, as there are a number of other credit reporting agencies operating in Australia.

The ACCC also considered the potential impact of the acquisition on consumers, and found that it is unlikely to lead to any significant adverse effects.

Conclusion

The ACCC's decision to approve the acquisition is a positive development for Experian and illion, and will allow them to combine their resources to create a stronger and more competitive credit reporting agency.