Latest news with #Helios'
Business Wire
04-08-2025
- Business
- Business Wire
Helios Technologies Announces Definitive Agreement to Sell its Australian-Based Hydraulic Fluid Power Solutions and Service Provider Business
SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) ('Helios' or the 'Company'), a global leader in highly engineered motion control and electronic controls technology, announced today that it has executed a definitive agreement for the sale of Custom Fluidpower ('CFP') to Questas Group ('Questas'). The all-cash transaction valued at approximately $83 million AUD (~$54 million USD) is subject to final working capital and other customary closing adjustments. The transaction value represents an increase of approximately $48 million AUD above the acquisition price paid for CFP by the Company in August 2018. Questas, is headquartered in Sydney, Australia, and has approximately 850 employees across 37 locations. Helios will also enter into a long-term exclusive distribution agreement with Questas, subject to annual growth targets tied to market conditions, assuring the continuity of Sun Hydraulics' strategic position in the Australian hydraulics market through CFP's extensive engineering, distribution, and service network. 'This planned divestiture of CFP demonstrates our commitment to value creation as we refine our operating model, instilling financial discipline and driving improved returns on invested capital,' said Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer of Helios. 'Since Helios' purchase of the business in 2018, CFP's sales have expanded every year growing to $92 million AUD ($61 million USD) in 2024 and impressively earnings have more than doubled during that same period. As we assess our business models, we recognize that its position as a leading fluid power distributor and service provider aligns more effectively with our value-added distribution customer base. We are excited that CFP will remain an ongoing customer and continue to build upon the long-standing relationship with Sun Hydraulics. I would like to thank the employees of CFP and recognize them for their dedication and successful efforts in growing the business. While the divestiture will reduce Helios' sales and earnings run rates, it will improve margin rates within our Hydraulics segment and at a consolidated level.' 'We are delighted to welcome CFP into the Questas group of companies. The CFP team brings deep expertise in system design, custom manifolds, cartridge valves, and hydraulic-release brakes—solutions we previously sourced externally. CFP strengthens our value proposition to customers, significantly advancing our ability to serve the full hydraulics lifecycle,' said Mark Taylor, Group Chief Executive Officer of Questas Group. 'Questas has extensive experience in the Australian hydraulics market and carve-out expertise, which we believe will unlock new potential for the CFP business. This transaction allows us to focus on our core manufacturing capabilities in the APAC region while leveraging CFP as our key distribution partner to service the Australian market. We remain committed to our 'in the region for the region' strategy and believe the structure going forward positions us to better meet customer needs in Australia and across the entire APAC region. We also believe the move will help provide broader growth opportunities for the CFP team and position CFP to deliver enhanced value for its customers with Questas' backing,' Mr. Bagan concluded. Helios expects to use the net proceeds from the transaction consistent with its stated capital allocation priorities, including debt repayment, disciplined organic investment into the business, and return of capital to shareholders. Helios will begin reporting CFP as held for sale in the Company's consolidated financial statements for the second quarter of 2025 through the closing date. The Company expects the transaction to close in the next 60 to 90 days, subject to the satisfaction of customary closing conditions. Squire Patton Boggs is serving as legal counsel to the Company in connection with the sale of CFP. About Questas Group Headquartered in Sydney, NSW, Questas Group is a proudly Australian-owned and trusted partner for hydraulic, pump, and engine solutions. With approximately 850 staff across 37 locations Australia-wide, we've been a driving force in the industry for over 30 years, serving the mining, construction, agricultural, oil and gas, and general industrial sectors. For more information please visit: About Helios Technologies Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: and follow us on LinkedIn. FORWARD-LOOKING INFORMATION This news release contains 'forward‐looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release, including statements about the transaction and our strategic plans as well as the financial impact to the Company resulting therefrom, and our ability to close the transaction and the timing of the closing, are subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include, but are not limited to, the ability to successfully complete the divestiture of CFP on a timely basis, including receipt of required approvals and satisfaction of other conditions, the risk that the gain on sale of the assets could ultimately be less than we currently expect, and the ability of the Company to use the proceeds of the transaction consistent with its stated capital allocation priorities. Further information concerning these and other risks is included in Helios' filings with the SEC, including its Form 10-K for the year ended December 28, 2024, and subsequent Form 10-Q filings. Helios disclaims any obligation to update any forward-looking statements except as required by law.
Business Wire
28-07-2025
- Automotive
- Business Wire
Helios Technologies Launches Atlas Connect Gateway, a Rugged and Smart Connectivity Solution for Intelligent Equipment
SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) ('Helios' or the 'Company'), a global leader in highly engineered motion control and electronic controls technology, is excited to announce the launch of the Atlas Connect Gateway, an advanced connectivity solution developed by Enovation Controls, part of Helios' Electronics segment. Engineered to meet the rigorous demands of modern applications across a wide range of industries, this new offering delivers the next generation of secure connectivity, remote diagnostics, and real-time system intelligence. With seamless integration into Helios' broader ecosystem, Atlas Connect Gateway is purpose-built to support original equipment manufacturers (OEM) that require both performance and serviceability, allowing them to connect different devices and systems which ordinarily may not be compatible. 'The launch of the Atlas Connect Gateway marks a major step forward in Helios Technologies' vision for intelligent machine connectivity,' commented Sean Bagan, President, Chief Executive Officer and Chief Financial Officer of Helios. 'We're proud to deliver this rugged, future-ready solution to customers around the world, helping them stay connected, informed, and in control. This is another strong demonstration of our teams' ability to introduce innovative products that deliver significant value to customers in diverse end markets.' The Atlas Connect Gateway gives equipment manufacturers and operators greater insight and control by allowing them to monitor critical data, send remote commands, and update software on equipment in the field without needing to be on site. Its powerful processing capabilities enable fast, reliable performance even in the field, making it easier to keep machines running smoothly and efficiently. 'By pairing the Atlas Connect Gateway with Cygnus Reach, Helios' patented remote troubleshooting platform—we're delivering a powerful new advantage to OEMs by enabling remote support capabilities,' said Billy Aldridge, Senior Vice President, Managing Director – Electronics Segment. 'For organizations operating customer support centers or field service teams, this integrated solution streamlines diagnostics, reduces downtime, and elevates the overall service experience. It's a major step forward in connecting people, machines, and data in smarter, more efficient ways.' Atlas Connect Gateway can be wired into any CAN enabled system in a matter of minutes. Using Cygnus Reach you can monitor the CAN bus, take CAN recordings, and effortlessly share data, all using your cellular mobile device. Built to thrive in demanding field conditions, the Atlas Connect Gateway is IP67-rated and engineered for durability in extreme environments. It operates reliably in temperatures ranging from -4°F to 158°F (-20°C to 70°C) and can be safely stored between -13°F and 167°F (-25°C to 75°C). Its wide operating voltage of 6–36 VDC makes it suitable for use across many types of equipment. This innovative solution will be available in August 2025, with feature demonstrations scheduled in the Enovation Controls' booth at both The Utility Expo and IBEX later this year. These premier industry events will give attendees an opportunity to experience its capabilities up close and explore how it enables smarter equipment in even the toughest environments. About Enovation Controls Enovation Controls is a fast-growing and innovative manufacturer of electronic controls and displays for diverse markets. As an international leader in fully tailored solutions, Enovation Controls offers a broad range of displays, controls, and instrumentation products for various applications. With an internationally diverse team, we serve customers around the world through our global sales, manufacturing, and engineering operations. Enovation Controls partners directly with OEMs and supports a worldwide network of authorized distributors and system integrators. Visit us at and follow us on LinkedIn. About Helios Technologies Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information, please visit: and follow us on LinkedIn.
Business Wire
21-07-2025
- Business
- Business Wire
Helios Technologies Schedules Second Quarter 2025 Financial Results Release and Conference Call
SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies (NYSE: HLIO) ('Helios' or the 'Company'), a global leader in highly engineered motion control and electronic control technologies, announced today that it will release its second quarter 2025 financial results after the market closes on Monday, August 4, 2025. Sean Bagan, President, Chief Executive Officer and Chief Financial Officer, will host a conference call and webcast the next morning to review the Company's financial and operating results and discuss its outlook. Second Quarter 2025 Financial Results Conference Call: Tuesday, August 5, 2025 9:00 a.m. Eastern Time Phone: (201) 689-8573 Internet webcast and accompanying slide presentation: A telephonic replay will be available from approximately 1:00 p.m. ET on the day of the call through Tuesday, August 19, 2025. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13754274. The webcast replay will be available in the investor relations section of the Company's website at where a transcript will also be posted once available. About Helios Technologies Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisitions. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: and follow us on LinkedIn.
Straits Times
13-06-2025
- Business
- Straits Times
AMD unveils AI server in challenge to Nvidia's dominance as OpenAI taps its newest chips
AMD's MI400 series of chips will be the basis of a new server called 'Helios' that AMD plans to release in 2026. PHOTO: ADVANCED MICRO DEVICES SAN JOSE - Advanced Micro Devices chief executive officer Lisa Su on June 12 unveiled a new artificial intelligence server for 2026 that aims to challenge Nvidia's flagship offerings as OpenAI's CEO said the ChatGPT creator would adopt AMD's latest chips. Ms Su took the stage at a developer conference in San Jose, California, called 'Advancing AI' to discuss the MI350 series and MI400 series AI chips that she said would compete with Nvidia's Blackwell line of processors The MI400 series of chips will be the basis of a new server called 'Helios' that AMD plans to release in 2026. The move comes as the competition between Nvidia and other AI chip firms has shifted away from selling individual chips to selling servers packed with scores or even hundreds of processors, woven together with networking chips from the same company. The AMD Helios servers will have 72 of AMD's MI400 series chips, making them comparable to Nvidia's current NVL72 servers, AMD executives said. During its keynote presentation, AMD said that many aspects of the Helios servers - such as the networking standards - would be made openly available and shared with competitors such as Intel. The move was a direct swipe at market leader Nvidia, which uses proprietary technology called NVLink to string together its chips but has recently started to license that technology as pressure mounts from rivals. 'The future of AI is not going to be built by any one company or in a closed ecosystem. It's going to be shaped by open collaboration across the industry,' Ms Su said. Ms Su was joined onstage by OpenAI's Sam Altman. The ChatGPT creator is working with AMD on the firm's MI450 chips to improve their design for AI work. 'Our infrastructure ramp-up over the last year, and what we're looking at over the next year, have just been a crazy, crazy thing to watch,' Mr Altman said. During her speech, executives from Elon Musk-owned xAI, Meta Platforms and Oracle took to the stage to discuss their respective uses of AMD processors. Crusoe, a cloud provider that specializes in AI, told Reuters it is planning to buy US$400 million (S$511 million) of AMD's new chips. AMD's Ms Su reiterated the company's product plans for 2026, which will roughly match the annual release schedule that Nvidia began with its Blackwell chips. AMD shares ended 2.2 per cent lower after the company's announcement. Kinngai Chan, an analyst at Summit Insights, said the chips announced on June 12 were not likely to immediately change AMD's competitive position. AMD has struggled to siphon off a portion of the quickly growing market for AI chips from the dominant Nvidia. Its software called ROCm has struggled to gain traction against Nvidia's CUDA, which is seen by some industry insiders as a key part of protecting the company's dominance. But AMD has made a concerted effort to improve its software and produce a line of chips that rival Nvidia's performance. AMD completed the acquisition of server builder ZT Systems in March. As a result, AMD is expected to launch new complete AI systems, similar to several of the server-rack-sized products Nvidia produces. AMD has also made a series of small acquisitions in recent weeks and has added talent to its chip design and AI software teams. At the event, Ms Su said the company has made 25 strategic investments in the past year that were related to the company's AI plans. When AMD reported earnings in May, Ms Su said that despite increasingly aggressive curbs on AI chip exports to China, AMD still expected strong double-digit growth from AI chips. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Wire
05-05-2025
- Business
- Business Wire
Helios Technologies Launches First Ever MultiSlide: A New Era of Hydraulic Coupling for Compact Excavators
SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) ('Helios' or the 'Company'), a global leader in highly engineered motion control and electronic controls technology, is pleased to announced the launch of MultiSlide, a compact, user-friendly quick coupling system designed specifically for compact excavators from 30 to 70 hundredweights (3,000 to 7,000 lbs.). Engineered and built by Faster S.r.l. ('Faster'), part of Helios' Hydraulics segment, the MultiSlide represents a significant advancement in safety, efficiency and comfort for operators working in construction and earthmoving applications. 'We're proud to introduce MultiSlide, the latest addition to our hydraulics product portfolio. This product innovation builds on the strengths of Faster's award-winning quick- release coupling engineering designs and its launch marks a step forward in how we serve our customers and grow our business,' said Sean Bagan, President, Chief Executive Officer and Chief Financial Officer of Helios. 'Designed in direct response to customer feedback, the MultiSlide delivers practical innovation for compact excavator applications while opening a new, high-value revenue stream for the Company. It's a great example of how listening to our customers drives smarter solutions and long-term growth. This launch is also part of a broader, purposeful shift in our product strategy—filling critical gaps and addressing underserved segments with targeted, high-impact innovations.' Key Product Benefits: Quick retrofit installation with a dedicated metal plate included in the box Exceptionally soft connection feel, minimizing operator fatigue Compact design to reduce interference with hoses and external components Hands-free operation thanks to a sliding bracket mechanism Protected storage in a durable docking station when not in use 'Engineered with retrofit simplicity in mind, MultiSlide is easy to install on existing machines thanks to its integrated mounting plate. This solution delivers a smooth, low-effort connection and disconnection experience, even under pressure—redefining the standard for hydraulic couplings in the field,' said Matteo Arduini, President of Hydraulics, EMEA. Advanced Features for Demanding Environments MultiSlide is equipped with Connection Under Pressure couplings rated at 350 Bar, fully meeting the operational needs of Construction Equipment applications. It is available in two layout configurations—either two ½' lines or three lines (two ½' and one ⅜')—providing flexibility for various machine types. Additional highlights include a CR III surface treatment for corrosion resistance and a temperature operating range of -25°C to +120°C, ensuring reliability in all working conditions. A Retrofit-Ready Solution MultiSlide was also designed to be retrofitted onto existing machines as original equipment manufacturers can uncover added value. Installation is quick and straightforward, giving machine owners an easy way to upgrade without lengthy downtimes or modifications. The docking station, which keeps the mobile plate protected when not in use, is a simple and effective solution that can be parked by a hook on all types of attachments. The MultiSlide will be commercially available starting on May 19, 2025. About Faster S.r.l. Founded in 1951 and based in Rivolta d'Adda, Italy, Faster S.r.l. is a trusted global player in the design and manufacture of hydraulic quick-release couplings and multi-connection solutions. With a long-standing reputation for reliability, innovation and quality, Faster supports some of the most demanding sectors, including agriculture, construction equipment and industrial applications. Faster's product range includes individual couplings, integrated cartridge solutions, and multi-connection systems under the well-known MultiFaster brand. These solutions are designed to meet real-world challenges by enhancing efficiency, safety, and ease of use for operators and manufacturers alike. With strong customer focus and deep industry expertise, Faster continues to push the boundaries of hydraulic connection technology. To learn more, visit or follow Faster on LinkedIn and Instagram. About Helios Technologies Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisitions. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: and follow us on LinkedIn.
