📖 The Scoop
The Competition Commission has formerly cleared the completed acquisition by Francisco Partners LP of G International Inc., stating that the acquisition should not lead to any substantial lessening of competition within the EDI communication services in the UK. Electronic data interchange (EDI) is an electronic tool which was developed in the 1980s to provide a more efficient exchange of business information between trading partners, and refers to a specific means of formatting and transmitting data. Francisco Partners LP bought IBM's global EDI Van business (G International), in November 2004. On completion of the purchase (March 2005), the Office of Fair Trading referred it to the Competition Commission for investigation and report.
Genre: Business & Economics / General (fancy, right?)
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