{"id":511556,"date":"2021-07-12T06:03:16","date_gmt":"2021-07-12T10:03:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/helios-technologies-completes-acquisition-of-nem-s-r-l\/"},"modified":"2021-07-12T06:03:16","modified_gmt":"2021-07-12T10:03:16","slug":"helios-technologies-completes-acquisition-of-nem-s-r-l","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/helios-technologies-completes-acquisition-of-nem-s-r-l\/","title":{"rendered":"Helios Technologies Completes Acquisition of NEM S.r.l."},"content":{"rendered":"

<\/p>\n

Helios Technologies Completes Acquisition of NEM S.r.l.<\/b><\/p>\n

Strong strategic fit for Hydraulics segment further diversifies customer base, deepens geographic reach in Europe and provides enhanced electro-hydraulic technology offerings<\/i><\/b><\/p>\n

SARASOTA, Fla.–(BUSINESS WIRE<\/a>)–Helios Technologies<\/a> (Nasdaq: HLIO) (\u201cHelios\u201d or the \u201cCompany\u201d), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, today announced that it completed the acquisition of NEM S.r.l.<\/a> (\u201cNEM\u201d). The Company previously announced that it had entered into a definitive agreement to acquire NEM on June 14, 2021.\n<\/p>\n

\nNEM is an innovative hydraulic solutions company providing customized material handling, construction, industrial vehicle, and agricultural applications to its global customer base, predominantly in Europe and Asia. NEM is ideally located in northern Italy\u2019s Emilia Romagna region, one of the world\u2019s most innovative and technology-friendly areas in the hydraulics industry.\n<\/p>\n

\nJosef Matosevic, the Company\u2019s President and Chief Executive Officer commented, \u201cWe have been making great progress on our augmented strategy at Helios and this flywheel acquisition demonstrates our ability to execute on our plans. 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\u2019s strong brand name in the Cartridge Valve Technology (CVT) OEM markets in Europe. We are excited to welcome the NEM team to the Helios family.\u201d\n<\/p>\n

About Helios Technologies<\/b><\/p>\n

\nHelios 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 85 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<\/a>.\n<\/p>\n

Forward Looking Information<\/b><\/p>\n

This news release contains \u201cforward\u2010looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward\u2010looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. They include statements regarding current expectations, estimates, forecasts, projections, our beliefs, management\u2019s plans, projections and objectives for future operations, scale and performance, integration plans and expected synergies therefrom, the timing of completion of the proposed transaction, and assumptions made by Helios Technologies, Inc. (\u201cHelios\u201d or the \u201cCompany\u201d), its directors or its officers about the Company and the industry in which it operates, and assumptions made by management, and include among other items, (i) the Company\u2019s strategies regarding growth, including the expected benefits of the Acquisition and (ii) objectives for future operations, integration plans and expected synergies. Words such as \u201cmay,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d variations of such words, and similar expressions are intended to identify such forward-looking statements. Similarly, statements that describe our future plans, objectives or goals also are forward-looking statements. These statements are not guaranteeing future performance and are subject to a number of risks and uncertainties. Our actual results may differ materially from what is expressed or forecasted in such forward-looking statements, and undue reliance should not be placed on such statements. All forward-looking statements are made as of the date hereof, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/i><\/p>\n

Factors that could cause the actual results to differ materially from what is expressed or forecasted in such forward\u2010looking statements include, but are not limited to, failure to promptly and effectively integrate the Acquisition; objectives for future operations, integration plans and expected synergies; the ability to recognize the anticipated benefits of the Acquisition, which may be affected by, among other things, competition, and the ability of the combined business to grow and manage growth profitably; failure to promptly and effectively integrate the Acquisition; risks related to disruption of management time from ongoing business operations due to the Acquisition; and the ability of Helios to retain and hire key personnel, and maintain relationships with suppliers. Further information relating to factors that could cause actual results to differ from those anticipated is included but not limited to information under the heading Item 1. \u201cBusiness\u201d and Item 1A. \u201cRisk Factors\u201d in the Company\u2019s Form 10-K for the year ended January 2, 2021, and Part II, Item IA, \u201cRisk Factors\u201d in the Company\u2019s Form 10-Q for the quarter ended April 3, 2021, and other filings with the Securities and Exchange Commission.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210712005070\/en\/<\/a><\/span><\/p>\n

\nTania Almond
\n
VP, Investor Relations & Corporate Communications
\n
(941) 362-1333
\n
tania.almond@HLIO.com<\/a><\/p>\n

\nDeborah Pawlowski
\n
Kei Advisors LLC
\n
(716) 843-3908
\n
dpawlowski@keiadvisors.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe United States Italy Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> Electronic Design Automation Engineering Automotive General Automotive Technology Manufacturing Other Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Helios Technologies Completes Acquisition of NEM S.r.l. Strong strategic fit for Hydraulics segment further diversifies customer base, deepens geographic reach in Europe and provides enhanced electro-hydraulic technology offerings SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies (Nasdaq: HLIO) (\u201cHelios\u201d or the \u201cCompany\u201d), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, today announced that it completed the acquisition of NEM S.r.l. (\u201cNEM\u201d). The Company previously announced that it had entered into a definitive agreement to acquire NEM on June 14, 2021. NEM is an innovative hydraulic solutions company providing customized material handling, construction, industrial vehicle, and agricultural applications to its global customer base, predominantly in Europe and Asia. NEM is ideally located in northern Italy\u2019s Emilia Romagna … <\/p>\n

Continue reading “Helios Technologies Completes Acquisition of NEM S.r.l.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511556","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHelios Technologies Completes Acquisition of NEM S.r.l. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/helios-technologies-completes-acquisition-of-nem-s-r-l\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Helios Technologies Completes Acquisition of NEM S.r.l. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Helios Technologies Completes Acquisition of NEM S.r.l. Strong strategic fit for Hydraulics segment further diversifies customer base, deepens geographic reach in Europe and provides enhanced electro-hydraulic technology offerings SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies (Nasdaq: HLIO) (\u201cHelios\u201d or the \u201cCompany\u201d), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, today announced that it completed the acquisition of NEM S.r.l. (\u201cNEM\u201d). The Company previously announced that it had entered into a definitive agreement to acquire NEM on June 14, 2021. NEM is an innovative hydraulic solutions company providing customized material handling, construction, industrial vehicle, and agricultural applications to its global customer base, predominantly in Europe and Asia. 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