The CMA has cleared the finished buy of Hills Motors by Copart.
In Might 2023, an impartial CMA panel provisionally discovered that Copart’s accomplished buy of Hills Motors had resulted, or could also be anticipated to end result, in a considerable lessening of competitors out there for the availability of salvage providers within the UK.
However, after new proof got here to mild, the CMA up to date its evaluation, provisionally concluding, in June 2023, that the deal wouldn’t result in competitors considerations.
The CMA has right this moment confirmed that the deal doesn’t increase competitors considerations within the provide of salvage providers and has now concluded that the deal must be cleared.
