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LONDON - Spectris PLC announced Wednesday that its acquisition by KKR-backed Project Aurora Bidco Limited has received several key regulatory clearances, moving the deal closer to completion.
The company confirmed that the Chancellor of the Duchy of Lancaster will take no further action regarding the acquisition under the National Security and Investment Act. Additionally, foreign direct investment authorities in Ireland and Sweden have granted clearance or confirmed the transaction will not require screening under their respective laws.
These approvals satisfy three regulatory conditions outlined in the scheme document dated July 29, 2025. Filing processes in other jurisdictions are progressing as expected, according to the company.
The acquisition, which is being implemented through a scheme of arrangement under the Companies Act 2006, is anticipated to be completed in or before the first quarter of 2026, subject to satisfaction or waiver of remaining conditions.
Project Aurora Bidco Limited is a special purpose vehicle indirectly owned by investment funds and vehicles advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates.
Goldman Sachs International, Rothschild & Co, BofA Securities, and Barclays are serving as financial advisers to Spectris, while J.P. Morgan Cazenove is acting as financial adviser to KKR and Bidco.
The announcement is based on a press release statement from the companies involved in the transaction.
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