CMA’s final report on the acquisition of tmgroup by Dye & Durham Limited

TM Group (UK) Limited (tmgroup) notes that the Competition and Markets Authority (CMA) has today published its Final Report into the assessment of the acquisition of tmgroup by Dye & Durham Limited, a Canadian listed software and technology company.

The CMA have concluded that they believe that the merger of tmgroup and Dye & Durham would give rise to a substantial lessening of competition in the market, and they have further concluded that the only remedy to this is for Dye & Durham to divest themselves of all their shareholdings in tmgroup.

Whilst not an outcome tmgroup agrees with or would have wished for, they respect the decision made and will continue to fully cooperate with the CMA as it works with both them and Dye & Durham to identify a long-term investor that matches tmgroup’s own ambitions to continue to deliver the very best solutions in the market.

Throughout the period of review, tmgroup has continued to be managed as a separate business and has continued to invest in it and deliver the types of technology innovation and service that are synonymous with the tmgroup brand, and tmgroup wants to reassure all of our customers and employees that this will not change as it go through the next phase of this process.

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