The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into the acquisition of Ziemann, a German cash-in-transit company, by its rival Brink’s. This acquisition has raised significant concerns regarding competition in the cash-in-transit market, particularly due to Brink’s dominant position as the largest player in the Netherlands.

ACM has been monitoring the cash-in-transit sector for some time, noting the limited number of competitors and the potential negative impacts on pricing, service quality, and innovation. With Ziemann exiting the Dutch market as a result of this acquisition, ACM fears that the lack of competition could lead to adverse effects for consumers and businesses alike.

Brink’s contends that the acquisition did not require prior notification to ACM, as it did not meet the necessary turnover thresholds. However, ACM has expressed that the existing competition concerns warrant an investigation into whether competition rules, including those against abuse of dominance, have been violated. The outcome of this investigation will determine if any legal breaches have occurred.

ACM has also highlighted the need for a “call-in power” that would allow it to assess smaller acquisitions that may not meet the notification thresholds but could still harm competition. This power would enable ACM to evaluate potentially problematic acquisitions and refer them to the European Commission if necessary, ensuring better protection for consumers and businesses in the Netherlands.