Helios Technologies completed the acquisition of electronic control systems and parts business of Shenzhen Joyonway Electronics.

Helios Technologies, a highly engineered motion control and electronic controls technology provider, completed the acquisition of electronic control systems and parts business of Shenzhen Joyonway Electronics & Technology, an electronic control systems provider. Financial terms were not disclosed. “After the successful closing of NEM in July, the completion of the Joyonway asset acquisition provides another example of the effectiveness of our flywheel acquisition strategy. Joyonway complements the electronic controls platform from our Balboa Water Group acquisition by bringing an innovative portfolio of new solutions, strengthening our supply chain through broader geographic reach, increasing our manufacturing capacity to meet growing global demand as well as better servicing ‘in the region for the region’. I am very pleased to welcome the Joyonway team to the Helios family,” Josef Matosevic, Helios Technologies, President and CEO.