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MERGER OF AIRFIELD

LIGHTING SUPPLIERS

APPROVED FOLLOWING

ACCEPTANCE OF

COMMITMENTS

MANUFACTURING

| ACQUISITION

Case Team Members:

Kong Weng Loong

Eileen Lee

Celestine Song

Cindy Chang

Ng Ee Kia

In its Phase 1 review in August 2015, CCS

had raised competition concerns on ADB

BVBA’s (“ADB”) proposed acquisition of

Safegate International AB (“Safegate”)

from Fairford Holdings Private AB

(“Fairford”) (collectively the “Parties”).

The Parties account for a substantial

market share of more than 80% in the

supply of airfield lighting (“AFL”) systems

in Singapore, and they may be each

other’s closest competitor. Based on

feedback from other industry players

and customers, this proposed acquisition

could result in other AFL suppliers facing

difficulties entering the market in the

short tomedium term, due to customers’

extensive testing requirements. Hence,

the proposed acquisition may reduce

competition in the affected market, lead

to price increases and to the deterioration

in quality and/ or technical support.

26

GUIDING YOU TO NEW HEIGHTS

CCS ANNUAL REPORT 2015-2016