Just last month, Helios entered a definitive agreement with NEM to acquire the company. The acquisition was announced as completed July 12.
SARASOTA — Helios Technologies recently announced the acquisition of NEM S.r.l. has been completed.
Helios previously announced it had entered a definitive agreement with NEM June 14. According to the press release, Helios is a global leader in highly engineered motion control and electronic controls technology.
NEM, an innovative hydraulic solutions company, provides customized material handling, construction, industrial vehicle, and agricultural applications to its global customer base, predominantly in Europe and Asia.
“We have been making great progress on our augmented strategy at Helios and this flywheel acquisition demonstrates our ability to execute on our plans,” Josef Matosevic, Helios president and CEO, says in the release. “NEM enhances the Helios electro-hydraulic product offering, provides geographic expansion, and adds scale to address new markets.”
“Importantly, the added technology and applications expertise enables us to grow our OEM business throughout the world by leveraging NEM’s strong brand name in the Cartridge Valve Technology (CVT) OEM markets in Europe,” he continues. “We are excited to welcome the NEM team to the Helios family.”