The Competition and Markets Authority is concerned competiton could suffer as a result of the deal
The Competition and Markets Authority (CMA) is investigating the acquisition of GAB Robins by Crawford.
The competition watchdog is investigating whether the £45.8m deal may lead to “substantial lessening of competition”.
The initial enforcement order released by the CMA means that no action can be taken which “might:
- Lead to the integration of the GAB Robins business with the Crawford business;
- Transfer the ownership or control of the Crawford business of the GAB Robins business or any of their subsidiaries; or
- Otherwise impair the ability of the GAB Robins business or the Crawford business to compete independently in any of the markets affected by the transaction”.
Crawford announced the acquisition of GAB Robins at the beginning of this month, and said it would allow the loss adjuster to significantly expand is claims handling business across a wide range of product lines and bolster its global specialty lines claims service.