TM Group purchase ‘anti-competitive’

The purchase of Swindon-based property data specialist company TM Group by the Canadian software giant Dye & Durham has been declared by the Competition & Markets Authority (CMA) to be anti-competitive.

The CMA is now ordering Dye & Durham to sell TM Group to a third party.

TM Group is best known to agents for its sales progression software, Mio.

The sale was made without referral to the CMA but once completed, the CMA became aware of the sale and began its investigation. It published initial notices in September last year.

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