# Ascendent Capital Partners to acquire Hollysys Automation Technologies for US$1.66B

Hollysys Automation Technologies has agreed to be acquired by Ascendent Capital Partners in an all-cash transaction valued at approximately US$1.66 billion, or US$26.50 per share. The deal was unanimously approved by Hollysys' board.

- Type: Acquisition
- Announced: 2023-12-11
- Where: Beijing, China
- Value: $1.66B
- Status: announced
- Products: automation technologies
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hollysys Automation Technologies](https://endata.com/companies/19331.md) (target)
- [Ascendent Capital Partners](https://endata.com/companies/74323.md) (acquirer)

## Sources

- [streetinsider.com](https://www.streetinsider.com/PRNewswire/Hollysys+to+be+Acquired+by+Ascendent+Capital+Partners+for+US%2426.50+in+Cash+Per+Share/22512112.html), 2023-12-11: "This agreement marks the successful culmination of a formal sale process that was part of a review of various strategic options to maximize value for shareholders."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1357450/000119312523292935/d605585dex991.htm), 2023-12-11: "Hollysys Automation Technologies Ltd. today announced that it has reached an agreement to be acquired by Ascendent Capital Partners."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hollysys-announces-shareholder-meeting-to-vote-on-acquisition-by-ascendent-capital-partners-302027218.html), 2024-01-05: "Board recommends shareholders to vote "FOR" merger agreement for acquisition by Ascendent at $26.50/share"

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