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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northeast restaurant is an independent master recipe technology, an independent registered trademark of the national chain enterprises. According to the need of human nutrition, northeast people by the scientific method of eating food, will Western-style food culture and Chinese diet culture combined, according to human nutritional needs, the northeast people catering scientific diet method, Western-style food culture and Chinese diet culture will be combined with the main business in the Western nutrition package, Cantonese style tea, delicious dishes, fashion drink more than 100 varieties, by the relevant experts called "Chinese and Western" model, with good prospects for development.
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The general rule and the advanced mode of
northeast people catering to follow the modern international catering business, by virtue of its strong management support system and talent advantage, actively and steadily development of franchise business, in the process of franchising, always adhere to " unified norms, inheritance and innovation, support " communication; the franchise concept, to franchise business advanced management mode, many franchisees to expand business development space. Food products continue to update, change, but the only constant is that domestic consumers still love home cooking, food and beverage in the northeast to create the most consistent with the tastes of consumers,