Software firm Dye & Durham plans to sell TM Group after UK review

Toronto-based Dye & Durham plans to sell 2021 acquisition TM Group after the United Kingdom’s competition regulator ordered the sale due to competition concerns.

The UK’s Competition and Markets Authority (CMA) said the software company’s July 2021 acquisition would “substantially” lessen competition in property search reports in England and Wales.

The CMA launched its investigation last October.

Dye & Durham has previously said it strongly disagrees with the CMA’s decision to order the sale of TM Group.