Welcome to our dedicated page for Helios Technologies news (Ticker: HLIO), a resource for investors and traders seeking the latest updates and insights on Helios Technologies stock.
Helios Technologies reports developments in highly engineered motion control and electronic control technologies for industrial and specialized end markets. News commonly covers product launches from operating companies such as Faster, Sun Hydraulics and Balboa Water Group, including hydraulic connection systems, cartridge-style flow meters, thermal management components and electronic controls for health and wellness applications.
Company updates also address financial results, cash dividend declarations, investor presentations, strategic initiatives and customer or community partnerships. Helios serves markets including agriculture, construction, data centers, energy, industrial, marine, material handling, recreational vehicles and health and wellness, with products sold to customers in more than 80 countries.
Helios Technologies (Nasdaq: HLIO) has agreed to acquire Balboa Water Group for $218.5 million. This move aims to enhance Helios's market position in electronic controls, particularly in the health and wellness sector. Balboa's patented technology is expected to foster innovation and open new markets, complementing Helios's existing capabilities. The acquisition is predicted to be financially beneficial, contributing positively to Adjusted EPS from day one. Expected completion is in Q4 2020, pending regulatory approvals.