Ascendent Capital Partners Acquires Hollysys

Hollysys is an automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. The company empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence that are critical to their businesses by leveraging its proprietary technology and deep industry know-how. It delivers a full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management, and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Hollysys was founded in 1993 and is based in Beijing.