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HomeNEWSArdonagh Group’s £26m deal to buy Bennetts Motorcycling Services

Ardonagh Group’s £26m deal to buy Bennetts Motorcycling Services

Insurance Age has reported the government body is seeking comments on the deal in order to decide whether it “may be expected to result in a substantial lessening of competition” in the market.

Ardonagh Group’s £26m deal to buy Bennetts Motorcycling Services from Saga is being investigated by the Competition and Markets Authority (CMA). The purchase was first flagged in February 2020 and at the time, Ardonagh noted that the transaction was subject to regulatory approval.

The consolidator already owns another motorcycle specialist, Carole Nash, which it bought in 2017.

The CMA published an invitation to comment on the deal. The government body said in a statement: “The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.” It continued: “To assist it with this assessment, the CMA invited comments on the transaction from any interested party.” The deadline for submitting comments are 16 July.

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