Helios Technologies Signs Definitive Agreement to Acquire Taimi
09 Mai 2022 - 10:15PM
Business Wire
- Flywheel acquisition strategically enhances Helios’
Hydraulics technologies
- Durable, highly complementary products offer accelerated
path into forestry and mining markets for Hydraulics
offerings
- Creates more opportunities for product integration into
technical solutions to deepen market reach
Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the
“Company”), a global leader in highly engineered motion control and
electronic controls technology for diverse end markets, has entered
into a definitive agreement to acquire the assets of Taimi R&D,
Inc. (“Taimi”). Founded in 2005, Taimi is a Canadian manufacturer
of innovative hydraulic components that offer ball-less design
swivel products which improve hydraulic reliability of equipment,
increase the service life of components, and help protect the
environment by reducing leakage. Taimi brings strong engineering
that has developed proprietary, scalable technology and
solutions-based offerings that are distributed in 34 countries.
Faster S.r.l. and Taimi started working together in October 2020 in
a collaborative distribution arrangement.
Josef Matosevic, Helios’ President and Chief Executive Officer,
commented, “Bolting Taimi onto our pure play Hydraulics platform is
a clear demonstration of the continued progress we are making with
our flywheel acquisition strategy. Taimi produces high quality,
uniquely designed components that when integrated with our existing
technologies form hydraulic solutions that offer higher
reliability, greater durability, and safety and environmental
benefits. We are excited to expand our Hydraulics solutions and
enhance our technical expertise with Taimi’s innovative team. Their
team brings not only technology but also strong engineering
expertise. Importantly, we continue to execute on our augmented
strategy to drive value for our customers with our integrated
innovation teams across Helios. We believe this approach helps us
maintain a market leading position and ultimately delivers for all
of our stakeholders.”
Helios expects to close the transaction in the third quarter of
2022 or as soon as practicable, subject to customary closing
conditions. Terms of the acquisition were not disclosed.
About Taimi R&D, Inc.
Taimi is a Canadian manufacturer of innovative hydraulic
components. Founded in 2005, the company’s goal is to improve the
hydraulic reliability of equipment and help protect the environment
by reducing leakage. Taimi has developed a unique technology of
ball-less swivel couplings and its products are reliable, leak
resistant, pressure spike protected and can withstand significant
lateral and tear loads. They are designed for high pressure modern
machines. For more information please visit:
https://www.taimi.ca/.
About Helios Technologies
Helios Technologies is a global leader in highly engineered
motion control and electronic controls technology for diverse end
markets, including construction, material handling, agriculture,
energy, recreational vehicles, marine, health, and wellness. Helios
sells its products to customers in over 90 countries around the
world. Its strategy for growth is to be the leading provider in
niche markets, with premier products and solutions through
innovative product development and acquisition. The Company has
paid a cash dividend to its shareholders every quarter since
becoming a public company in 1997. For more information please
visit: www.heliostechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220509006079/en/
Tania Almond Vice President of Investor Relations, Corporate
Communication and Risk Management (941) 362-1333
tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
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