In a letter to stakeholders dated 12 December 2014, Veyance Technologies representatives confirmed that the United States’ Department of Justice has endorsed its takeover by Continental AG’s ContiTech division.

However, while the company had also hoped to secure approval from Brazilian authorities this year, this part has not yet been completed. Due to Christmas holidays all round any decision is now likely to be made in 2015. Nevertheless Veyance representatives said “they are confident that we will secure the approval from the Brazilian authority and close very soon thereafter”.