Commission clears application by ORIX NZ
The Commerce Commission has granted clearance for the acquisition of the business of Truck Leasing Limited (trading as
Esanda FleetPartners) by ORIX New Zealand Limited.
The 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 the national markets for the
provision of fleet management services and the provision of fleet leasing services.
Background
ORIX New Zealand is a subsidiary of ORIX Australia Corporation Limited, which provides vehicle lease and fleet
management services in Australia and New Zealand. ORIX Australia is in turn a subsidiary of ORIX Corporation Japan.
Esanda FleetPartners is the specialist vehicle lease and fleet management business of ANZ, with operations in both
Australia and New Zealand. Truck Leasing Limited runs the New Zealand operations of Esanda FleetPartners and is
primarily a provider of vehicle leases and fleet management services.
A public version of the Commission’s decision will shortly be available on the Commission’s website, www.comcom.govt.nz,
under Public Registers.
Ends