Kohlberg Kravis Roberts & Co.'s planned 4.15 billion British Pounds takeover of industrial technology firm Spectris has cleared a major European regulatory hurdle, moving the deal closer to completion.
In a statement on Monday, Spectris said it has received antitrust clearance from the European Commission for the acquisition by a KKR-backed vehicle.
The company also announced it had secured foreign direct investment approvals from authorities in Austria and Belgium.
The latest green lights are part of a series of global regulatory conditions that must be met for the deal to proceed.
The acquisition has already received approvals from regulators in several other key jurisdictions, including the United States, China, and the United Kingdom.
Spectris said that filing processes elsewhere 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.
The acquisition was approved by shareholders in late August, concluding a bidding war with rival private equity firm Advent International.
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