The European Commission Friday approved Swiss power group ABB Ltd.'s (ABBN.VX) proposed acquisition of Thomas & Betts Corp. (TNB), the U.S. low-voltage products company.

"The commission's investigation confirmed that the overlaps between the parties' activities are limited and that the merged entity would continue to face competition," the European Commission said in a press release.

In January, the Zurich-based power and technology group agreed to buy Thomas & Betts for $3.9 billion.

-By Clare Connaghan, Dow Jones Newswires; +32 (0) 2741 1489, clare.connaghan@dowjones.com

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