CMA raises ‘competition concerns’ over planned vet merger
The proposed merger between two major veterinary service providers, Eville & Jones and Vorenta, has been called into question by the Competition and Markets Authority (CMA), which launched an initial investigation last November.
The CMA’s investigation so far has found “competition concerns” that could lead to higher costs for other businesses and lower-quality services.
This is due to the combined businesses accounting for a substantial market share of specialised veterinary service providers in the UK.
Concerns were raised in relation to reduced competition for providers of meat hygiene inspections, export health certificates, border inspections, and agricultural inspection services.
See also: Competition authority investigates vet services deal
Eville & Jones now has five days to address any concerns raised by the CMA. A decision will then be made by the CMA on whether to carry out a more in-depth investigation.
Sorcha O’Carroll, CMA senior director of mergers, said: “Losing the competition that takes place between Eville & Jones and Vorenta could result in food businesses and public bodies paying higher prices for inspections.
“Well-run inspections ensure consumers have access to safe and affordable food products and that exporters can sell animal products without delays. Today’s decision will ensure businesses and consumers can get the best deal.”