# Consortium led by Recco Control and Dazheng to acquire Hollysys for $1.55B

A consortium managed by Recco Control Technology Pte. Ltd. and Dazheng Group has confirmed an optional conditional offer to acquire Hollysys Automation Technologies Ltd for $1.55 billion ($25 per share).

- Type: Acquisition
- Announced: 2023-08-28
- Where: China
- Value: $1.55B
- Status: announced
- Products: industrial automation solutions, distributed control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hollysys Automation Technologies](https://endata.com/companies/19331.md) (target)
- [Dazheng Group (Hong Kong) Investment Holdings](https://endata.com/companies/60533.md) (acquirer)
- [Recco Control Technology Pte. Ltd.](https://endata.com/companies/61732.md) (acquirer)
- [Great Wall Capital Co., Ltd.](https://endata.com/companies/62229.md) (partner)
- [TFI Asset Management Limited](https://endata.com/companies/72284.md) (partner)

## Sources

- [akm.ru](https://www.akm.ru/eng/news/consortium-of-recco-control-and-dazheng-plans-to-acquire-hollysys-for-1-55-billion/), 2023-08-28: "The transaction value is $1.55 billion ($25 per share, which is 34% higher than the closing price on August 23)."

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