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ACCC greenlights Experian's acquisition of Illion

Background

On April 4, 2024, Experian announced its intention to acquire 100% of the shares in Illion.

Experian is a global information services company, and Illion is a leading provider of data, analytics, and decisioning solutions in Australia and New Zealand.

ACCC Approval

The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the acquisition.

Reasons for Approval

• The ACCC found that the acquisition is unlikely to substantially lessen competition in any relevant market.
• The ACCC also considered the public benefits of the acquisition, including the potential for Experian to offer enhanced choice and innovation to customers.

Implications

The acquisition will enable Experian to make full use of this opportunity and offer enhanced choice to customers.

Experian's takeover of Illion could pave the way for further merger and acquisition activity in the data and analytics sector.