Helios Technologies (NYSE:HLIO) to acquire the assets of Indiana-based Daman Products Company "Daman", a recognized leader in complex manifold design and manufacturing for precision hydraulic manifolds and related fluid conveyance products.
The move strategically enhances Helios’ Hydraulics segment technologies with leading standard manifolds and custom-designed precision hydraulic integrated packages.
The addition provides greater reach into existing markets while adding new diversified markets and enhances product offering and enables horizontal product line integration for more sophisticated system solutions.
Terms of the deal were not disclosed.
Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges.