Decision Nº M/08/027 from Competition and Consumer Protection Commission, 2008-09-25

Decision NumberM/08/027
Date25 September 2008
PartiesPC Tools Holdings Property Limited,Symantec Corporation
StatusCleared (Phase 1)
Merger Notification No. M/08/027 – Symantec/PC Tools
DETERMINATION OF MERGER NOTIFICATION M/08/027 –
SYMANTEC/PC TOOLS
Section 21 of the Competition Act 2002
Proposed acquisition by Symantec Corporation of PC Tools Holdings
Pty Limited
Dated 25/09/08
Introduction
1. On 1 September 2008, the Competition Authority (“the Authority”), in
accordance with section 18(1)(a) of the Competition Act 2002 was
notified on a mandator y basis of the proposed a cquisition by Symantec
Software Australia Holdings Pty Limited (“Symantec Au stralia”) of the
entire issued share c apital of PC Tools Holdin gs Pty Limited (“PC
Tools”).
The Undertakings Involved
The Acquirer
2. Symantec Australia, which was incorporated for the purposes of this
transaction, is owned by an Irish company Sy mantec Limited, which is
a subsidiary of Symantec Corporation (“Symantec”). Symantec is a
Delaware company incorporated in the USA and is listed on the
Nasdaq.
3. Symantec’s core business is pri marily concerned with the design,
development and distribution of software products (principally through
the Norton brand) for:
security solutions including products that pr otect consum ers
and enterprise from threat s to personal computers, computer
networks and electronic information; and,
storage solutions – including products that manage, archive,
protect and recover business-critical data.
4. Symantec has operations in 40 countries and for the financial year
ended 28 March 2008 Symantec’s worldwide turnover was €4.03
billion. Its turnover in the State over the same period was €[…] million.
The Target
5. PC Tools is a company incorporated in Austral ia and is the ultimate
holding company for a global network of subsidiaries. 100% of the
issued share capital of PC Tools is owned by [...].

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