# Ascendent Capital to acquire Hollysys Automation for USD1.66bn

Ascendent Capital Partners will acquire all outstanding shares of Hollysys Automation Technologies for USD1.66 billion, or USD26.50 per share in cash. The deal has been approved by 86.94% of Hollysys shareholders and is subject to regulatory approval.

- Type: Acquisition
- Announced: 2024-02-14
- Where: Beijing, China
- Value: $1.66B
- Status: announced
- Products: control system solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [law.asia](https://law.asia/ascendents-hollysys-acquisition/), 2024-02-14: "Ascendent will acquire all outstanding shares of Hollysys not currently owned for USD26.50 apiece in cash, totalling USD1.66 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.