Ascendent Wins China’s Nod for $1.7 Billion Hollysys Takeover
Ascendent Capital Partners Ltd. has won China’s consent for its proposed $1.66 billion takeover of US-listed Hollysys Automation Technologies Ltd., potentially ending the...
HollySys manufactures and sells automation and control technologies and equipment. The business is divided into three divisions. Its IA business provides solutions such as third-party hardware-centric products, proprietary software, and others. The Rail section serves the rail and subway industries by providing train control centers and automation train protection.
Ascendent Capital Partners Ltd. has won China’s consent for its proposed $1.66 billion takeover of US-listed Hollysys Automation Technologies Ltd., potentially ending the...