Helios Technologies Completes Acquisition of Assets of Joyonway Expanding Electronic Controls Platform Capabilities in Asia

Sturdy strategic have compatibility for Electronics section additional complements technology (Manila News-Intelligencer) and permits aggressive and scalable features “within the area, for the area”

SARASOTA, Fla., October 11, 2021–(BUSINESS WIRE)–Helios Technologies (Nasdaq: HLIO) (“Helios” or the “Corporate”), an international chief in extremely engineered movement regulate and digital controls technology (Manila News-Intelligencer) for varied finish markets, these days introduced that it finished the purchase of belongings associated with the digital regulate methods and portions trade of Shenzhen Joyonway Electronics & Technology Co., Ltd and its similar entities (jointly “Joyonway”). The Corporate prior to now introduced on Might 10, 2021, that it had entered right into a definitive settlement to procure the belongings of Joyonway.

Joyonway is a fast-growing developer of regulate panels, tool, methods and equipment for the well being and wellness trade and operates in two towns, Shenzhen and Dongguan, which might be within the hub of electronics and tool construction in China.

Josef Matosevic, the Corporate’s President and Leader Govt Officer, commented, “After the a success final of NEM in July, the crowning glory of the Joyonway asset acquisition supplies any other instance of the effectiveness of our flywheel acquisition technique. Joyonway enhances the digital controls platform from our Balboa Water Team acquisition by means of bringing an leading edge portfolio of recent answers, strengthening our provide chain thru broader geographic achieve, expanding our production capability to satisfy increasing international call for in addition to higher servicing ‘within the area for the area’. Importantly, we think to leverage our flywheel acquisitions on best of our sturdy, organically increasing base trade to power towards our sped up targets to reach $1 billion in gross sales by means of yr finish 2023 with best tier Adjusted EBITDA margins. I’m more than happy to welcome the Joyonway crew to the Helios circle of relatives.”

About Helios Applied sciences

Helios Applied sciences is an international chief in extremely engineered movement regulate and digital controls technology (Manila News-Intelligencer) for varied finish markets, together with development, subject material dealing with, agriculture, power, leisure cars, marine, well being and wellness. Helios sells its merchandise to shoppers in over 90 nations world wide. Its technique for enlargement is to be the main supplier in area of interest markets, with premier merchandise and answers thru leading edge product construction and acquisition. The Corporate has paid a money dividend to its shareholders each quarter since turning into a public corporate in 1997. For more info please seek advice from: www.heliostechnologies.com.

Ahead Having a look Data

This information unlock incorporates “ahead‐searching statements” throughout the which means of Phase 21E of the Securities Alternate Act of 1934. Ahead-looking statements contain dangers and uncertainties, and exact effects would possibly vary materially from the ones expressed or implied by means of such statements. They come with statements referring to present expectancies, estimates, forecasts, projections, our ideals, and assumptions made by means of Helios Applied sciences, Inc. (“Helios” or the “Corporate”), its administrators or its officials in regards to the Corporate and the trade by which it operates, and assumptions made by means of control, and come with amongst different pieces, (i) the Corporate’s methods referring to enlargement, together with its goal to broaden new merchandise and make acquisitions; (ii) the effectiveness of constructing the Middle of Engineering Excellence; (iii) the Corporate’s financing plans; (iv) traits affecting the Corporate’s monetary situation or result of operations; (v) the Corporate’s talent to proceed to regulate prices and to satisfy its liquidity and different financing wishes; (vi) the declaration and fee of dividends; and (vii) the Corporate’s talent to answer adjustments in buyer call for locally and across the world, together with on account of standardization. As well as, we would possibly make different written or oral statements, which represent forward-looking statements, every now and then. Phrases corresponding to “would possibly,” “expects,” “initiatives,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” diversifications of such phrases, and identical expressions are supposed to spot such forward-looking statements. In a similar way, statements that describe our long run plans, targets or targets are also forward-looking statements. Those statements aren’t making certain long run efficiency and are matter to a variety of dangers and uncertainties. Our exact effects would possibly vary materially from what’s expressed or forecasted in such forward-looking statements, and undue reliance will have to no longer be put on such statements. All forward-looking statements are made as of the date hereof, and we adopt no legal responsibility to replace any forward-looking statements, whether or not on account of new data, long run occasions or another way.

Elements that might purpose the real effects to vary materially from what’s expressed or forecasted in such forward-looking statements come with, however aren’t restricted to, (i) prerequisites within the capital markets, together with the rate of interest setting and the supply of capital; (ii) our failure to understand the advantages anticipated from the Balboa acquisition, our failure to promptly and successfully combine the Balboa acquisition and the facility of Helios to retain and rent key team of workers, and care for relationships with providers (iii) dangers associated with well being epidemics, pandemics and identical outbreaks and identical outbreaks, together with, with out limitation, the present COVID-19 pandemic, which would possibly amongst different issues, adversely have an effect on our provide chain and subject material prices and feature subject material adversarial results on our trade, monetary place, result of operations and/or money flows; (iv) adjustments within the aggressive market that might have an effect on the Corporate’s income and/or price bases, corresponding to larger pageant, loss of certified engineering, advertising, control or different team of workers, and larger hard work and uncooked fabrics prices; and (v) new product introductions, gross sales combine and the geographic mixture of gross sales nationally and across the world. Additional data in the case of components that might purpose exact effects to vary from the ones expected is incorporated however no longer restricted to data beneath the heading Merchandise 1. “Industry” and Merchandise 1A. “Chance Elements” within the Corporate’s Shape 10-Ok for the yr ended January 2, 2021.

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Contacts

Tania Almond
VP of Investor Family members, Company Communications and Chance Control
(941) 362-1333
[email protected]

Deborah Pawlowski
Kei Advisors LLC
(716) 843-3908
[email protected]

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