Processing timeline
21
days
Filed
30 June 2026
Decision Due
11 Aug 2026
Est decision date: 2 Aug 2026. Based on 40 decided Professional & Business Services notifications.
Acquirer(s)
KINETIC HOLDING COMPANY PTY LTD ABN - 49 601 254 880
Target(s) or Vendor(s)
L.C. DYSON'S BUS SERVICES PROPRIETARY LIMITED ABN - 99 004 436 542
Other parties
SURFSIDE BUSLINES PTY. LTD. ABN - 25 010 957 552, KINETIC (MELBOURNE) PTY LTD ABN - 89 644 690 522, KACM 3A PTY LTD ABN - 24 674 151 118, KOCM 3 PTY LTD ABN - 60 679 737 510, DYSONS MZF (ASSETCO) PTY LTD ABN - 18 680 323 291, DYSONS MZF PTY LTD ABN - 16 680 323 282, KINETIC (MELBOURNE URBAN) PTY LTD ABN - 88 632 522 233, KINETIC ASSETCO (MELBOURNE) PTY LTD ABN - 72 644 633 303
Kinetic Holding Company Pty Ltd proposes to acquire 100% of the shares in L.C. Dyson’s Bus Services Pty Ltd, a family-owned coach and bus operator. This interdependent transaction also includes Kinetic acquiring bus depot assets from related parties of Dysons’ shareholders. Both companies operate extensive bus services across Australia, including urban, school, and charter routes.
Kinetic Holding Company Pty Ltd (Kinetic) proposes to acquire 100% of the shares in L.C. Dyson’s Bus Services Pty Ltd (Dysons, together with its affiliates, the Dysons Group) pursuant to a share sale agreement. Kinetic also proposes to acquire certain freehold and leasehold interests in bus depot assets currently leased by the Dysons Group and owned by related parties of Dysons’ shareholders, namely 3D Management Properties Pty Ltd, 324 Gen Investments Pty Ltd, 3D Properties (Kyneton) Pty Ltd and 3D Properties (Wodonga) Pty Ltd. Kinetic is proposing to acquire the bus depot assets under separate Land Sale Contracts. The share sale agreement and each of the Land Sale Contracts are interdependent, with simultaneous settlement and completion. Given the interdependencies between each of these agreements, Kinetic is notifying the proposed acquisitions together as a single notification for the purposes of s 51ABX(5) of the CCA (Proposed Transaction). Kinetic is a transportation company that operates bus services in Australia and overseas. This is predominantly under the Kinetic brand but also (in Australia) in: • the Northern Territory, Queensland and Western Australia under the Kinetic Specialised Resources brand; • in Victoria, Sydney and Western Australia under the SkyBus brand; and • in Queensland under the Koala Koaches brand and SkyBus brands. These services include, depending on the region, urban route and school services, regional bus services, and charter bus services, airport transfers bus services and some specialised bus services, for example to the mining and resources sector. Dysons is a family-owned coach and bus operator based in Melbourne. It provides services in Victoria, regional New South Wales and regional South Australia under the Dysons brand. These services include urban route services, school services, regional bus services, rail replacement services and charter services.
The ACCC has prepared a questionnaire on the acquisition. Submissions or information in response to the questionnaire should be provided by 8 July 2026 via email to mergers@accc.gov.au with the title Submission re: Kinetic - Dysons Bus Services . The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.