The Commerce Commission has cleared Redeal Limited to acquire the assets and business of Egley Electrical Co Limited and Egley Electrical Petone Limited.

Both Redeal and the Egley companies are involved in the wholesaling of electrical products in the Greater Wellington area.

Commerce Commission Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition will not have, or will not be likely to have, the effect of substantially lessening competition in the relevant market.

A public version of the written reasons for the decision will be available as soon as practicable on the Commission’s website www.comcom.govt.nz  under Public Registers.