ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
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Harpreet said,Over the last one year I have worked hard on my cricket and fitness I knew that if needed to reach at the level of the Indian teamI had to put in extra effort to make an impression It was a big chance when I made it to the Indian Board Presidents XI The last two seasons have been very good for me at the domestic level Of coursewhen you are attending a national camp or playing alongside the top playersyou need to be in top form I will make sure I do not let the selectors down I will work hard in the camp in order to get berth in the Indian team soon? (Representational Image) Related News China today accused India of “misleading the public” by saying that Chinese troops are building a road close to the Chicken’s Neck in the Sikkim sector which could endanger India’s access to the north-eastern states.” Chinese Foreign Ministry spokesman Gen Shuang told reporters here. download Indian Express App More Related News) For all the latest Delhi News,Satvinder Kaur,Pardeep Singh Walia, Then,Irrigation and Public Health (IPH) Department, S P Nagtilak.
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