# Dazheng Group consortium bids $1.8B to acquire Hollysys Automation

A consortium led by Dazheng Group Acquisition, including TFI Asset Management and GA Technologies, announced a $1.8 billion all-cash bid to acquire Hollysys Automation Technologies at $29 per share.

- Type: Acquisition
- Announced: 2023-12-24
- Value: $1.80B
- Status: announced
- Products: automation and control technology
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hollysys Automation Technologies](https://endata.com/companies/19331.md) (target)
- [TFI Asset Management Limited](https://endata.com/companies/72284.md) (partner)
- [Dazheng Group Acquisition](https://endata.com/companies/74658.md) (acquirer)
- [GA Technologies](https://endata.com/companies/74659.md) (partner)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/dazheng-group-consortium-announces-bid-to-buy-hollysys-automation-for-1-8-billion/), 2023-12-25: "A consortium led by China's Dazheng Group Acquisition has announced a bid to acquire automation and control technology provider Hollysys Automation Technologies in an all-cash transaction valued at $1.8 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.