Dell/CIT Group
Transaction details
The Competition Authority has cleared the proposed acquisition by Dell Inc. and certain of its affiliates of certain assets comprising a part of the vendor financing business from CIT Group Inc. and certain of its affiliates.
Case details
- Notification date:19 May 2011
- Publication date:19 May 2011
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Outcome:Cleared
Documents
M.11.016 Merger AnnouncementPDF | 46 KBM.11.016 Merger Announcement PDF | 46 KB - Opens in new window
M.11.016 DeterminationPDF | 77 KBM.11.016 Determination PDF | 77 KB - Opens in new window
Timetable
Parties Involved
Dell Inc.
Dell is a leading technology company, offering a broad range of product categories, including mobility products, desk-top personal computers, software and peripherals, servers and networking storage. Dell's services include a broad range of configurable information technology and business related services, including infrastructure technology, consulting and applications, and business process services.
CIT Group Inc.
CIT Group holds the Target assets. The target primarily provides financing services in the form of loans or leases for Dell products and services to customers located in Europe, including Ireland. Target resells certain equipment at the expiration of the lease term.
Contacts
