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Helios Technologies agrees to acquire Daman Products

Sep. 07, 2022 7:56 AM ETHelios Technologies, Inc. (HLIO) StockBy: Meghavi Singh, SA News Editor

Mergers and Acquisitions. Competition, new product, intellectual property and human capital concept. The meeting at the white office table

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  • 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.

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