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LONDON - Project Aurora Bidco Limited, a special purpose vehicle indirectly owned by KKR investment funds, has received several key regulatory approvals for its proposed acquisition of Spectris PLC, according to a company announcement on Monday.
The waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act has expired, while foreign direct investment authorities in Denmark and Germany have granted clearance under their respective laws.
These approvals satisfy three of the conditions required for the recommended cash acquisition, which was detailed in a circular sent to Spectris shareholders on July 29, 2025.
The companies stated that filing processes in other jurisdictions are "progressing in line with expectations" and the acquisition is expected to be completed in or before the first quarter of 2026, subject to satisfaction or waiver of remaining conditions.
The acquisition is being implemented through a Scheme of Arrangement under Part 26 of the Companies Act 2006.
Spectris, a precision measurement company listed on the London Stock Exchange, and Bidco first announced the acquisition earlier this year. The transaction requires additional regulatory approvals before completion.
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 noted that the information was based on a press release statement issued by the companies.
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