Kohlberg Kravis Roberts & Co.'s planned 4.15 billion British Pounds takeover of industrial technology firm Spectris has received key regulatory approvals from China and Italy, moving the deal closer to completion.
In a regulatory filing on Monday, Spectris announced that China's State Administration for Market Regulation confirmed it would not conduct a further review of the acquisition.
Additionally, the foreign direct investment authority in Italy has issued a decision granting clearance under the country's laws, the company said.
The approvals are the latest in a series of necessary clearances for the deal, following similar green lights earlier this month from authorities in the U.K., Ireland, and Sweden.
The acquisition, which offers shareholders 41.75 British Pounds per share, was overwhelmingly approved by investors in late August, concluding a bidding war with rival private equity firm Advent International.
Spectris said that filing processes in other jurisdictions are progressing in line with expectations.
The company reiterated that it expects the transaction to become effective in or by the first quarter of 2026, subject to the satisfaction of remaining conditions.
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