# Advent and LANXESS receive clearance for engineering materials joint venture

Competition authorities, including the EU Commission and India's authority, have cleared the planned joint venture between Advent International and LANXESS combining DSM Engineering Materials and LANXESS' High Performance Materials businesses. Closing is planned for no later than early April 2023.

- Type: Acquisition
- Announced: 2023-04-04
- Status: completed
- Products: high-performance engineering materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [thefortuneindia.com](https://thefortuneindia.com/competition-authorities-clear-high-performance-engineering-materials-joint-venture-between-advent-and-lanxess/), 2023-04-04: "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.