ACCC clears HiTech's acquisition of Hudson Assets

Key points

• ACCC granted unconditional Phase 1 clearance for acquisition
• Acquisition of Hudson Global Resources assets
• No substantial lessening of competition expected
• Completion expected shortly

Full summary

HiTech Group Australia Limited (ASX: HIT) announced that the Australian Competition and Consumer Commission (ACCC) has granted unconditional Phase 1 clearance for its proposed acquisition of certain assets of Hudson Global Resources (Aust) Pty Ltd, which entered voluntary administration in April 2026. The ACCC determined that the acquisition is not likely to substantially lessen competition in any relevant market. The clearance satisfies a key condition precedent to the completion of the acquisition, which is expected to occur shortly, barring any application for review.