• NLD ACM announced that it had launched an investigation into the recent takeover of the Dutch branch of the German Ziemann by the cash transport company Brink's.

Summary

• These specialist companies transport cash to, for example, ATMs and physical stores on behalf of banks and retailers; the takeover means Ziemann leaving Dutch market.
• NLD ACM will investigate whether there has been a violation of competition rules.
• Has noted competition concerns due to limited number of players and Brink's position as part of a globally active group and largest cash transport company in Netherlands.
• It indicated the takeover did not have to be reported in advance as turnover thresholds are not met, but NLD ACM said it had noted real competition concerns at first sight.
• NLD ACM will investigate whether there has been a violation of the competition rules, including abusing a dominant position, and must show whether a breach has occurred.