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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 critical regulatory approvals, moving the deal closer to completion.
The European Commission has granted clearance for the acquisition under Council Regulation (EC) No 139/2024. Additionally, foreign direct investment authorities in Austria and Belgium have issued decisions approving the transaction under their respective FDI laws.
These approvals satisfy three key conditions outlined in the scheme document sent to Spectris shareholders on 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 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.
Goldman Sachs International and Rothschild & Co are acting as lead financial advisers to Spectris, with BofA Securities and Barclays serving as joint financial advisers. J.P. Morgan Cazenove is acting as financial adviser to KKR and Bidco.
The recommended cash acquisition was first announced in July 2025, with the scheme document detailing the terms sent to shareholders shortly after. The transaction remains subject to additional regulatory clearances and other customary closing conditions as outlined in the scheme document.
This article is based on a press release statement from Spectris PLC.
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