Dell Technologies would complete its multi-billion dollar acquisition of EMC and its associate companies on Sept. 7.

The two parties spent almost a year culminating their union into Dell EMC. China's Ministry of Commerce has approved the merger, Fortune reported.

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In October 2015, the value of the deal - US $67 billion - was disclosed to the public following the commendation of EMC's shareholders. According to Michael Dell, chairman and CEO of Dell Technologies, the merger would be historical and would help the company to become a stronger player in the software and hardware industry.

The Dell EMC union would be the only IT vendor offering a complete selection of products including cloud infrastructure, data protection, edge devices, and core data centers. It would also be a major competitor of IBM, Hewlett-Packard Enterprise, Oracle, and Cisco Systems.

Dell Technologies, which continues to be a private ownership, will still maintain its PC business. EMC-owned VMWare will also remain publicly and independently merchandised, PC World reported.

Michael Dell established the company during his college years back in 1984 while he was assembling personal computers. On the other hand, EMC was founded in 1979 and became the world's biggest independent company focused on selling storage. EMC then acquired VMware, RSA, and Pivotal for their security and cloud infrastructure products.

EMC Chairman and CEO Joe Tucci would retire from his posts upon the completion of the business agreement. Tucci has served EMC since 2001.