Hong Kong's Ascendent Capital to buy Hollysys Automation in $1.6b deal

Hong Kong's Ascendent Capital to buy Hollysys Automation in $1.6b deal

Photo by Vladimir Solomianyi on Unsplash.

Hollysys Automation Technologies said on Monday it has reached an agreement to be acquired by Hong Kong-based Ascendent Capital in an all-cash transaction valued at about $1.66 billion, sending its shares up 8%.

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