PropertyIQ seeks clearance to acquire Terralink

The Commerce Commission has received an application from PropertyIQ NZ Limited seeking clearance to acquire the business and assets of Terralink International Limited.

PropertyIQ is a New Zealand based company which provides property information and services. PropertyIQ offers a range of products including property reports to consumers and real estate professionals, customised data and analytical services to corporate customers, and the wholesaling of data sets. PropertyIQ is owned 50% by Quotable Value Limited (a Crown owned company) and 50% by RP Data New Zealand Limited.

Terralink Limited is a New Zealand company specialising in the provision of geospatial data and services. Terralink also provides a range of property information data sets, reports and services.

A public version of the application is available on the clearances register.

Background

Assessing an application for a merger or acquisition

When considering a proposed merger, the Commission must decide whether the competition that is lost in a market when two businesses merge is substantial. We will give clearance to a proposed merger only if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

For information about how the Commission assesses a merger application read the Mergers and Acquisitions - Merger Assessment fact sheet