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ARTICLE · 20 MARCH 2014

Competition Bureau Clears GardaWorld’s Acquisition Of G4S With Commitment To Change Contracting Practices

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The Competition Bureau issued a qualified No Action Letter to Garda World Security Corporation that it will not challenge the transaction.

CanadaAntitrust/Competition Law
Oliver J. Borgers
Oliver J. Borgers
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On March 13, 2014, the Competition Bureau issued a qualified No Action Letter to Garda World Security Corporation (GardaWorld) that it will not, at this time, challenge the transaction given, among other things, GardaWorld's commitment to change certain of its contracting practices. In its review of GardaWorld's acquisition of G4S Cash Solutions (Canada) Limited (G4S), the Bureau concluded that the transaction raises competition concerns in Quebec as GardaWorld and G4S Canada were identified as the two largest providers of armoured car services. To address the Bureau's concerns, GardaWorld committed to not enforcing certain terms in existing contracts for services in Quebec and that it would change certain of its contracting practices for the next three years.　　

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