Chinese conglomerate Fosun International received approval from EU authorities to complete its takeover of the German and Austrian subsidiaries of automated production systems maker FFT, according to a report from Reuters on Monday.

Fosun announced the agreement to acquire FFT on June 19 for an undisclosed amount. FFT, which supplies automation equipment for automotive and other industrial sectors, reported revenues of about $994.37 million and employed more than 2,600 people in 2017.