Helios Technologies Signs Definitive Agreement to Acquire Taimi

SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has entered into a definitive agreement to acquire the assets of Taimi R&D, Inc. (“Taimi”). Founded in 2005, Taimi is a Canadian manufacturer of innovative hydraulic components that offer ball-less design swivel products which improve hydraulic reliability of equipment, increase the service life of components, and help protect the environment by reducing leakage. Taimi brings strong engineering that has developed proprietary, scalable technology and solutions-based offerings that are distributed in 34 countries. Faster S.r.l. and Taimi started working together in October 2020 in a collaborative distribution arrangement.