Dazheng Group consortium announces bid to buy Hollysys Automation at $1.8 bln

Hollysys Automation Technologies

24/12/2023 20:09

Dec 24 (Reuters) - A consortium led by China's Dazheng
Group Acquisition has announced its bid to acquire automation
and control technology provider Hollysys Automation Technologies
 HOLI.F  in an all-cash transaction valued at $1.8 billion,
according to a statement on Sunday.
    
    

 (Reporting by Anirudh Saligrama in Bengaluru
Editing by Nick Zieminski)
 ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on
Twitter;))