Helios Technologies completed the acquisition of Daman Products.

Helios Technologies, an industrial valve manufacturing company, completed the acquisition of Daman Products, a hydraulic valve manifolds manufacturer. Financial terms were not disclosed. "We are making excellent progress with our augmented strategy. The addition of Daman to the Helios family demonstrates our ability to expand our technologies and markets through another high-quality flywheel acquisition. Daman is a very strong standalone business with a healthy margin profile. Within the Helios Business System, we expect to be able leverage Daman from a very successful small business to closer to a hundred-million-dollar business over the next five years. As we fold them into our global manufacturing and operating strategy this provides another avenue to produce integrated package offerings with other Helios brands over time," Josef Matosevic, Helios President and CEO.