Recco Control, Dazheng consortium offers $1.64b to take over Hollysys

Recco Control, Dazheng consortium offers $1.64b to take over Hollysys

Automation Photo by Pixabay

Recco Control Technology Pte. Ltd. and Dazheng Group Investment Holdings Company Limited offered to pay $1.64 billion to acquire Hollysys Automation Technologies, increasing its bid by 6% from what if offered to pay in August, the group told Reuters.