SH-listed automatic testing equipment provider HYC acquires Olyto for $149m

SH-listed automatic testing equipment provider HYC acquires Olyto for $149m

Suzhou HYC Technology Co., Ltd, an industrial automatic-testing-equipment (ATE) and whole production line system solution provider, is set to acquire Changshu-based automation technology company Suzhou Olyto Automation Technology Co., Ltd for 1.04 billion yuan ($149 million), per a company latest filing with Shanghai Stock Exchange (SSE).