Tbilisi (GBC) – The Georgian Competition and Consumer Agency (GCCA) has approved a concentration in the market for GPS device sales, installation and monitoring services, through the acquisition of a controlling stake in “I GPS Operator” LLC by “Tegeta Motors” LLC.
According to the Agency’s analysis, over 1,000 entities operated in the GPS services market in 2024, with a total market volume of GEL 2,181,758,521.2. The Herfindahl-Hirschman Index (HHI) was 990.4, indicating low market concentration. The Agency also evaluated Tegeta Motors LLC’s planned acquisition of control over GPS Georgia LLC, concluding that the change in the concentration index (ΔHHI) would be negligible, even if both acquisitions occurred. In the GPS and related device import market, 523 entities were active in 2024, with a total market volume of GEL 39,488,597. The HHI was 132.8, and the change in the concentration index (ΔHHI) was 2.5.
Based on the market analysis, structure, and shares of the involved parties, the Agency determined that the concentration will not significantly affect competition
FYI: In 2025, the GCCA has approved 12 concentrations to date, while 2 cases remain under review.