# Ascendent Capital Partners completes acquisition of Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. has completed its merger with entities affiliated with Ascendent Capital Partners, becoming a wholly owned subsidiary of Superior Technologies Holding Limited. Shareholders received $26.5 per share in cash.

- Type: Acquisition
- Announced: 2024-07-25
- Where: Beijing, China
- Value: $1.66B
- Status: completed
- 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/hollysys-announces-completion-of-merger-transaction-with-ascendent-capital-partners-302206694.html), 2024-07-25: "We are delighted to complete the acquisition of Hollysys."
- [ascendentcp.com](https://www.ascendentcp.com/post/ascendent-capital-completes-take-private-of-hollysys-automation), 2024-07-26: "Ascendent Capital Partners today announced the completion of the merger between Hollysys and entities affiliated with Ascendent."
- [applebyglobal.com](https://www.applebyglobal.com/news/appleby-advises-ascendent-capital-partners-on-all-offshore-aspects-of-the-usd1-66bn-privatisation-of-hollysys-automation-technologies/), 2024-08-01: "The privatisation of Hollysys Automation Technologies, Ltd. was completed by way of a BVI statutory merger which became effective on 25 July 2024 with an all-cash acquisition valued at approximately USD1.66Bn."

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