Helios Technologies completes acquisition of Custom Fluidpower

|By:, SA News Editor

Helios Technologies (NASDAQ:SNHY) acquired the shares of Custom Fluidpower Pty Ltd for AUD 35M on August 1, 2018 through cash of ~$9.3M and ~0.333M SNHY common stock.

Custom Fluidpower recorded sales of AUD 62M (~$46M) and an EBITDA margin of ~9.7% for its fiscal year ended June 30, 2018. The acquisition is expected to be EPS accretive in year one. Custom Fluidpower will be reported as part of Helios’ Hydraulics Segment.

Press Release

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