# Consortium led by Recco and Dazheng offers $25/share to acquire Hollysys

A buyer consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited has submitted a non-binding offer to acquire Hollysys Automation Technologies Ltd. for $25 per share in cash. The offer was initially submitted on December 3, 2021, and reiterated on January 24, 2022.

- Type: Acquisition
- Announced: 2022-01-24
- Where: Beijing, China
- Status: rumored
- Products: automation technologies
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hollysys Automation Technologies](https://endata.com/companies/19331.md) (target)
- [Recco Control Technology](https://endata.com/companies/60532.md) (acquirer)
- [Dazheng Group (Hong Kong) Investment Holdings](https://endata.com/companies/60533.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/buyer-consortium-led-by-recco-control-technology-pte-ltd-and-dazheng-group-hong-kong-investment-holdings-company-limited-announces-non-binding-offer-to-acquire-hollysys-301466387.html), 2022-01-24: "The consortium's offer also represents a premium of 75.5% over the volume-weighted average closing share price during the 30 trading days prior to January 22, 2022."

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