Kohlberg Kravis Roberts & Co.'s planned 4.15 billion British Pounds takeover of industrial technology firm Spectris has cleared a key U.S. antitrust hurdle, moving the deal closer to completion.
In a regulatory filing, Spectris announced the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act had expired, satisfying a critical condition for the acquisition.
The company also said it had received foreign direct investment clearances from authorities in Denmark and Germany.
The approvals are the latest in a series for the deal, following similar green lights from regulators in the U.K., China, Italy, Ireland, and Sweden.
The acquisition, which offers shareholders 41.75 British Pounds per share, was 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.
In a separate routine filing Wednesday, Spectris confirmed it had approximately 99.4 million total voting rights.
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