HLIO - Helios technologies signs definitive agreement to acquire schultes precision manufacturing

• Helios Technologies ( NYSE: HLIO ) is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has entered into a definitive agreement to acquire Schultes.
• Schultes is a highly trusted specialist in manufacturing precision machined components and assemblies for customers requiring very tight tolerances, superior quality, and exceptional value-added manufacturing processes.
• Flywheel acquisition brings value-added engineering experience as a proven content solutions provider
• Company  manufacturing know-how to expands Helios into new end markets with attractive secular tailwinds
• Company currently serving the Hydraulic, Aerospace, Communication, Food Services, Medical Device, and Dental industries, Schultes brings the manufacturing quality, reliability, and responsiveness critical to its customers’ success.
• Company approximately $30 million in full-year revenue for 2022,
• Josef Matosevic, Helios’ President and Chief Executive Officer, commented, “Schultes is an excellent bolt-on flywheel acquisition to add to our Hydraulics segment.
• Schultes is yet another strong standalone business with a healthy margin profile that fits perfectly into our Hydraulics business. This transaction is another milestone that further validates that company are making great progress against our augmented strategy and long-term goals.
• Source: Press Release

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