Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, October 23, 2020

Article Excerpt

HELIOS TECHNOLOGIES, $44.12, 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. For all those lines, the segment provide 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 October 12, 2020, Helios announced it would pay $218.5 million to acquire Balboa Water Group. That company is a manufacturer of electronic controls for the health and wellness industry; its products enable end-to-end electronic control systems for therapy bath and spas. Headquartered in Costa Mesa, California, Balboa is a global operation selling into 47 different countries and with a manufacturing facility in Baja, Mexico. Helios expects…

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