# Advent and LANXESS clear regulatory hurdles for engineering materials JV

Competition authorities have cleared the planned joint venture between Advent International and LANXESS for high-performance engineering materials, combining DSM Engineering Materials with LANXESS' High Performance Materials business. Closing is planned by early April 2023.

- Type: Acquisition
- Announced: 2023-02-14
- Status: announced
- Products: high-performance engineering materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [LANXESS](https://endata.com/companies/15514.md) (partner)
- [DSM Engineering Materials](https://endata.com/companies/48332.md) (target)

## Sources

- [lanxess.com](https://lanxess.com/en/media/press-releases/2023/02/competition-authorities-clear-high-performance-plastics-joint-venture-between-advent-and-lanxess), 2023-02-14: "The transaction is therefore ready for closing which is now planned to take place no later than the beginning of April 2023."
- [smart-molding.com](https://smart-molding.com/news/3293), 2023-03-09: "The transaction is therefore ready for closing which is now planned to take place no later than the beginning of April 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.