M/22/038 – Glenveagh / Harmony Timber and GMP

Transaction details

The proposed acquisition by Glenveagh Properties plc of sole control of Harmony Timber Solutions Limited and GMP Developments Limited has been cleared by the Competition and Consumer Protection Commission

Notification date Decision date
Wednesday August 3, 2022 Monday, August 22, 2022
Parties Involved Business activities
Glenveagh Properties plc

Glenveagh Properties plc is an Irish homebuilder listed on Euronext Dublin and the London Stock Exchange. Glenveagh Properties plc is active in the development and supply of residential property which it delivers across three business segments, namely, Suburban, Urban and Partnerships. The Suburban segment consists primarily of the development of housing with some low-rise apartments, whereas the Urban segment consists of the development of apartments to be delivered primarily to institutions. The Partnerships segment typically involve Glenveagh partnering with the Government, local authorities or state agencies.

Harmony Timber Solutions Limited

Harmony Timber Solutions Limited is based in County Wicklow. Harmony Timber Solutions Limited supplies structural timber products to the construction industry, which consist of timber frame units, roof trusses and open metal web joists to developers, self-builders, and specialist builders for building or development projects.

GMP Developments Limited

GMP Developments Limited owns an undeveloped site that adjoins Harmony Timber Solutions Limited’s property. GMP has no other activities in the State.

Economic sector Media merger
Construction No
Submissions from third parties due by:
Phase 1 Phase 2
Thursday, August 18, 2022
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Tommy Burke

Tel: (+353)1 402 5503

E-mail: tommyburke@ccpc.ie

Media enquiries: communications@ccpc.ie

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