Jurisdiction(s):
United Kingdom

Key definition

Acquisition definition

What does Acquisition mean? In VAT practice, an acquisition is the cross-border purchase or movement of goods between EU Member States where the goods are removed to another Member State and VAT is self-assessed in the destination by the acquirer (acquisition VAT). The term is defined in VAT legislation (UK: Value Added Tax Act 1994, as modified for Northern Ireland by the Windsor Framework/NI Protocol; Ireland: VAT Consolidation Act 2010) and also covers certain transactions treated as supplies of goods, such as a trader’s transfer of own goods across borders. Jurisdictional scope: In Ireland, intra-Community acquisitions apply in full. In the UK, the rules...

EU merger control: Aon/Willis Towers Watson (M.9829) cleared with extensive divestments to Arthur J. Gallagher; concerns in commercial, reinsurance brokerage and German pension administration

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED

This archived case hub sets out the situation as at the decision of 9 July 2021; it is no longer maintained. See further, timeline.

Case facts

Outline of the European Commission’s merger investigation into Aon plc’s planned purchase of Willis Towers Watson (M.9829). The deal raised issues of horizontal overlap in the provision of commercial broking services.

Latest developments

On 9 July 2021, the Commission approved the deal subject to commitments. To resolve its concerns, Aon proposed an extensive package of remedies, including selling key parts of Willis Trowers Watson’s operations to the international broker Arthur J. Gallagher, and disposing to an appropriate buyer of Aon’s entire German retirement benefits consulting and pension Administration businesses, together with Aon’s German investment solutions unit.

Parties

Aon plc (Aon): A publicly listed company incorporated in Ireland, based in London and listed on the New York Stock Exchange. Aon is a global professional services firm operating in more than 120 countries. Its activities span five segments: (a) commercial risk solutions; (b) reinsurance solutions; (c) retirement solutions; (d) health solutions; and (e) data and analytics services...

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Web page updated on 27/05/2026

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