Helios Technologies Executing Augmented Strategy; Opens Two North American Hydraulics Centers of Excellence and Advances Innovations
08 Februar 2024 - 3:00PM
Business Wire
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, is pleased
to announce that both Regional Operational Centers of Excellence
(“CoE”) for its Hydraulics segment in North America have been fully
operational since the fourth quarter of 2023.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240208672536/en/
Aerial View of the Expanded Hydraulics
Manifold Solutions Center of Excellence, Indiana (Photo: Business
Wire)
The facility expansion in Mishawaka, Indiana is now the
Hydraulic Manifold Solutions CoE. Helios added 50,000 square feet
to the existing 72,000 square foot facility. It serves as the hub
for manifold machining and integrated package assembly operations,
consolidating operations from Sun Hydraulics, Faster Inc., and
Daman Products into a North American center for integrated
hydraulics solutions. Schultes Precision Manufacturing provides
enhanced support for diversified machining and aided with the
machining of manifolds during the transition. The Hydraulic
Manifold Solutions CoE has reached strong throughput levels
supporting approximately $100 million in run-rate annual revenues,
up from approximately $30 million from one year ago and allows for
future growth.
Additionally, Faster’s North American quick release coupling
order fulfillment has been relocated from Maumee, Ohio to one of
the Sun Hydraulics facilities in Sarasota, Florida. This facility
is now the Hydraulic Valve and Coupling Solutions CoE. This
transfer streamlines operations, provides space for future coupling
manufacturing, and facilitates technological advancements through
our Robert E. Koski Center of Engineering Innovation, enabling the
creation of cutting-edge hydraulic solutions for our valued
customers.
“By completing this major integration and consolidation,
combined with the strength of innovation within our hydraulics
operations in Italy, we have created the platform to be the global
leader of electro/hydraulic solutions,” said Josef Matosevic,
President and Chief Executive Officer of Helios. “Leveraging our
expertise in hydraulics and electronics, we aim to push beyond the
boundaries of conventional motion control approaches, solidifying
our unique position within the industry. Helios continues to
redefine the possibilities of hydraulic solutions, delivering
unprecedented value and performance to our customers. This
execution enhances our ‘in the region, for the region’ strategy,
promotes enhanced R&D collaboration, and enables expanded
capacity to support our future growth.”
Helios’ dedication to innovation and excellence has been
recognized with hundreds of active, and recently filed patents and
trademarks. These patents showcase a commitment to pushing the
boundaries and introducing new and groundbreaking solutions. The
Company’s collection of intellectual property rights, trade
secrets, and manufacturing know-how built from decades of operation
is a testament to its commitment to deliver technology solutions to
customers that ensure safety, reliability, connectivity, and
control.
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 and 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208672536/en/
Investor and Media: Tania Almond Vice President of
Investor Relations and Corporate Communication (941) 362-1333
tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
Helios Technologies (NYSE:HLIO)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Helios Technologies (NYSE:HLIO)
Historical Stock Chart
Von Apr 2023 bis Apr 2024