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Buyer Consortium Led By Recco Control Technology Pte. Ltd. And Dazheng Group (Hong Kong) Investment Holdings Company Limited Announces Non-Binding Offer To Acquire Hollysys

Jan 24, 2022•almost 4 years ago

Acquiring Company

The Consortium

Acquired Company

Hollysys

TransportationConsumer GoodsInternet ServicesOtherCommerce And Shopping

Description

Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited, as certain members of the buyer consortium, announced today that, on December 3, 2021, the consortium submitted a non-binding proposal to acquire Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the "Company") in an all-cash transaction via a friendly negotiated merger and sent today a letter to the board of directors of the Company reiterating the proposal and requesting to commence due diligence and negotiation processes with the buyer consortium in order to maximize shareholder value.

Company Information

Company

The Consortium

About

The Consortium is a collective of investors consisting of the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners. Its aim is to take control of Electronic Arts through an all-cash acquisition. This group brings significant capital and experience in the gaming and entertainment sectors. Their goal is to drive innovation and growth in the gaming industry.

Company

Dazheng Group Limited

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed