Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, July 9, 2021

Article Excerpt

HELIOS TECHNOLOGIES, $78.80, symbol HLIO on Nasdaq, develops and sells hydraulic and electronic control systems. The company’s Hydraulics segment serves diverse markets including material handling, construction equipment, agriculture, and specialized vehicles. Through its Sun Hydraulics and Faster Group units, it also serves the energy market and others. Products include high-performance screw-in hydraulic cartridge valves and manifolds as well as quick-release hydraulic couplings. The Electronics segment provides electronic control solutions through its Enovation Controls banner. Its products are for recreational and off-highway vehicles, as well as industrial stationary and mobile power equipment. On June 14, 2021, Helios announced the acquisition of NEM S.r.l., an Italian maker of cartridge valves, directional control valves along with hydraulic integrated circuits for applications in the lifting and material handling, construction machinery, industrial vehicles, and agriculture machinery segments. The purchase price has not yet been disclosed. Founded in 1995, NEM is located in northern Italy’s Emilia Romagna region. Most of NEM’s customers are in Europe and Asia. Cartridge valves (known also…