Morrison Foerster advised Ascendent Capital Partners, a private equity firm, in connection with its $1.66 billion take private of NASDAQ-listed HollySys Automation Technologies, a China-headquartered, British Virgin Islands company. Founded in 1993, HollySys is an industrial automation company with businesses in over 40 countries. Leveraging its proprietary technology and deep industry know-how, HollySys empowers its customers with business-critical enhanced operational safety, reliability, efficiency, and intelligence. We are delighted to complete the acquisition of HollySys. We look forward to working constructively with the key management and employees of the Company to bring our vision to the business and create the best possible outcome for the staff and customers of HollySys in the future. Leon Meng Founding Managing Partner and Chairman Ascendent 24 Morrison Foerster
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