Helios Technologies completed the acquisition of NEM.

Helios Technologies, a provider of motion control and electronic controls technology, completed the acquisition of NEM, an innovative hydraulic solutions company providing customized material handling, construction, industrial vehicle and agricultural applications. Financial terms were not disclosed. “This strategic flywheel acquisition demonstrates our continued commitment to our hydraulics segment and growing our core platform. Leveraging NEM’s strong brand name in the Cartridge Valve Technology (CVT) OEM European markets, along with shared synergies, will further advance our technology. This acquisition will optimize Helios’s position to expand our geographic reach, particularly in electro-hydraulics, by growing our OEM business throughout the world. In addition, this acquisition gives us more CVT manufacturing capability in Europe. We look forward to welcoming the NEM team to the Helios family as we continue to drive growth and create shareholder value," Josef Matosevic, Helios President and CEO.