Processing timeline
39
days
Filed
3 Aug 2026
Decision Due
14 Sept 2026
Est decision date: 5 Sept 2026. Based on 90 decided Professional & Business Services notifications.
Acquirer(s)
KARMO HOLDINGS PTY LTD ABN - 93 667 511 480
Target(s) or Vendor(s)
EAGERS AUTOMOTIVE LIMITED ABN - 87 009 680 013, SUBMO PTY LTD ABN - 19 637 015 457
Other parties
None listed
Karmo Holdings, a subsidiary of Autoleague, proposes to acquire 100% of the shares in Submo Pty Ltd (Simplr), a wholly owned subsidiary of Eagers Automotive Limited. This transaction combines Karmo's new vehicle subscription services with Simplr's used vehicle subscriptions, operating across Australia.
Karmo Holdings Pty Ltd (Karmo) proposes to acquire 100% of the shares in Submo Pty Ltd (trading under the name Simplr) (proposed acquisition). Karmo supplies vehicle subscription services for new vehicles in Australia from its hubs in metropolitan areas (including Sydney, Melbourne, Brisbane, Perth and Adelaide). Karmo is a subsidiary of Autoleague Pty Ltd (Autoleague). Autoleague is an automotive retail company which owns and operates motor vehicle dealerships across Australia. Simplr supplies vehicle subscription services for used vehicles across Australia. Simplr is a wholly owned subsidiary of Eagers Automotive Limited (Eagers), an automotive retail group which owns and operates motor vehicle dealerships across Australia. Simplr sources its vehicles from its connected entity and sole supplier, Easy Auto 123 Pty Ltd (Easy Auto) in which Eagers has a 75% interest. Customers access Simplr’s vehicles from Easy Auto’s premises located in Sydney and regional New South Wales, Melbourne, Brisbane, Perth, Adelaide and Tasmania.
The period for providing submissions or information in response to the ACCC’s Phase 1 questionnaire has concluded.