Helios Technologies, Inc. entered into a definitive agreement to acquire Assets Related to Electronic Control Systems and Parts Business of Shenzhen Joyonway Electronics & Technology Co., Ltd.
May 09, 2021
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Helios Technologies, Inc. (NasdaqGS:HLIO) entered into a definitive agreement to acquire Assets Related to Electronic Control Systems and Parts Business of Shenzhen Joyonway Electronics & Technology Co., Ltd. on May 10, 2021. The transaction is subject to certain preclosing requirements and is expected to close in the third quarter of 2021 as soon as practicable. Ross Keene of Jones Day advised Helios Technologies, Inc. in the transaction.
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. entered into a definitive agreement to acquire Assets Related to Electronic Control Systems and Parts Business of Shenzhen Joyonway Electronics & Technology Co., Ltd.
HELIOS TECHNOLOGIES, INC. 
