The Commerce Commission has cleared New Zealand Post Limited (NZ Post) and Salmat International Pty Limited (Salmat) to merge their respective unaddressed mail delivery operations.
Commission Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.
NZ Post is a state-owned enterprise under the State-Owned Enterprises Act 1986. Its main activities include business and personal communications, physical goods distribution and logistics, banking and payments, and document and information management. NZ Post provides unaddressed mail delivery services through its wholly-owned subsidiary Letterbox Channel Limited.
Salmat is listed on the Australian Stock Exchange, and is one of Australasia's major direct customer communications companies. Salmat provides unaddressed mail delivery services through its wholly-owned subsidiary Deltarg Distribution Systems Limited.
In considering the application, the Commission's role is to determine whether the acquisition has the effect of substantially lessening competition in a market.
A public version of the written decision will be available as soon as practicable on the Commission's website, www.comcom.govt.nz, under the Clearances Register.
