Helios Technologies, Inc. completed the acquisition of NEM S.r.l. for € 48.1 million.
July 08, 2021
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Helios Technologies, Inc. (NasdaqGS:HLIO) signed a definitive agreement to acquire NEM S.r.l. on June 14, 2021. NEM team will join the Helios family. Subject to customary closing conditions, Helios expects to close the transaction in the third quarter of 2021 or as soon as possible.
Helios Technologies, Inc. (NasdaqGS:HLIO) completed the acquisition of NEM S.r.l. for €48.1 million on July 9, 2021. The consideration included 134,621 shares of the Company's common stock and cash of €39.974 million. In accordance with the terms of the Sale and Purchase Agreement, the sellers are eligible for an additional cash earn-out potential of €5.4 million, based on defined performance targets.
Helios Technologies, Inc. provides highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings as well as engineers hydraulic solutions and in some cases complete systems. The Hydraulics segment includes products sold under the Sun Hydraulics, Faster, Custom Fluidpower, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, Balboa Water Group and Joyonway brands.
HELIOS TECHNOLOGIES, INC. 
