# Suzhou HYC Technology agrees to acquire Suzhou Olyto Automation Technology for CNY 1.5 billion

Suzhou HYC Technology Co., Ltd. agreed to acquire Suzhou Olyto Automation Technology Co., Ltd. from Li Qihua and Lu Guochu for approximately CNY 1.5 billion on December 6, 2019. The consideration includes shares and cash.

- Type: Acquisition
- Announced: 2019-12-06
- Where: China
- Value: $213.0M (1.50B CNY)
- Status: announced
- Products: automation technology
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Suzhou HYC Technology Co., Ltd.](https://endata.com/companies/43788.md) (acquirer)
- [Suzhou Olyto Automation Technology Co., Ltd.](https://endata.com/companies/43789.md) (target)

## Sources

- [sa.marketscreener.com](https://sa.marketscreener.com/quote/stock/SUZHOU-HYC-TECHNOLOGY-CO--65220637/news/Suzhou-HYC-Technology-Co-Ltd-agreed-to-acquire-Suzhou-Olyto-Automation-Technology-Co-Ltd-from-L-34050742/), 2019-12-06: "Suzhou HYC Technology Co.,Ltd. agreed to acquire Suzhou Olyto Automation Technology Co., Ltd. from Li Qihua and Lu Guochu for approximately CNY 1.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.