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LONDON - Spectris PLC announced Monday that its acquisition by Project Aurora Bidco Limited, a special purpose vehicle owned by KKR investment funds, has received key regulatory approvals from Chinese and Italian authorities.
The State Administration for Market Regulation of the People’s Republic of China has confirmed it will not conduct further review of the acquisition, while Italian foreign direct investment authorities have granted clearance under Italian FDI laws.
These approvals satisfy two of the conditions required for the recommended cash acquisition, which was detailed in a circular sent to Spectris shareholders on July 29, 2025.
According to the announcement, regulatory filing processes in other jurisdictions are progressing as expected. The acquisition, which is being implemented through a Scheme of Arrangement under Part 26 of the Companies Act 2006, is anticipated to become effective in or before the first quarter of 2026, subject to satisfaction or waiver of remaining conditions.
The acquisition remains subject to additional regulatory approvals and other customary closing conditions as outlined in the scheme document.
Spectris is being advised by Goldman Sachs International, Rothschild & Co, BofA Securities, and Barclays as financial advisers, with Slaughter and May serving as legal adviser. KKR and Bidco are being advised by J.P. Morgan Cazenove as financial adviser, with Kirkland & Ellis International LLP and Simpson Thacher & Bartlett LLP handling legal matters.
The announcement was made based on a press release statement from the companies.
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