The United Kingdom strengthens its control over mergers in critical sectors due to national security considerations
The UK government lowered the target company turnover threshold in military, dual-use, computing hardware and quantum technology sectors that trigger UK's merger regime (from £70 million to £1 million). As the merger control and foreign investment screening mechanisms are intertwined in the UK, these amendments extend the power of the government to scrutinize and intervene takeovers with national security implications in high-tech industries.
Type: Entry and establishment (Approval and admission)
Industry: Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Other manufacturing), Services (Computer programming, consultancy and related activities)
- Official UK government website, New merger and takeover rules come into force, Jun 11, 2018
- Linklaters, Changes to UK merger control to address national security concerns to come into force on 11 June 2018, Jun 08, 2018