The European Commission Wednesday approved IBM Corp.’s buy of Sweden’s Telelogic AB, a software maker which has its U.S. headquarters in Irvine.
Antitrust regulators first raised concerns back in October when they said the $750 million deal may violate European Union competition rules.
The investigation was suspended in November until regulators could get more details from the companies.
The EU had until Feb. 20 to reject or approve the deal, a deadline that was extended until March 19.
The antitrust review process in the U.S. was completed in October, the company said.
The EU found that “no other antitrust clearances are required,” according to a statement.
The deal is expected to close in April.
Telelogic makes software that helps businesses speed up their own product and software development.
It counts yearly sales of about $200 million to customers such as Boeing Co., General Motors Corp. and Sprint Nextel Corp.
The company’s Telelogic North America Inc. unit is based in the Irvine Spectrum, where it has about 85 workers.
