![]() For more information please visit: https%3A%2F%%2F. They are designed for high pressure modern machines. Taimi has developed a unique technology of ball-less swivel couplings and its products are reliable, leak resistant, pressure spike protected and can withstand significant lateral and tear loads. Founded in 2005, the company’s goal is to improve the hydraulic reliability of equipment and help protect the environment by reducing leakage. Taimi is a Canadian manufacturer of innovative hydraulic components. Terms of the acquisition were not disclosed. Helios expects to close the transaction in the third quarter of 2022 or as soon as practicable, subject to customary closing conditions. We believe this approach helps us maintain a market leading position and ultimately delivers for all of our stakeholders.” Importantly, we continue to execute on our augmented strategy to drive value for our customers with our integrated innovation teams across Helios. SARASOTA Making its first acquisition in more than two years, Helios Technologies said Monday it will buy an electronic controls company for 218.5 million. ![]() Their team brings not only technology but also strong engineering expertise. We are excited to expand our Hydraulics solutions and enhance our technical expertise with Taimi’s innovative team. Taimi produces high quality, uniquely designed components that when integrated with our existing technologies form hydraulic solutions that offer higher reliability, greater durability, and safety and environmental benefits. Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture. Josef Matosevic, Helios’ President and Chief Executive Officer, commented, “Bolting Taimi onto our pure play Hydraulics platform is a clear demonstration of the continued progress we are making with our flywheel acquisition strategy. and Taimi started working together in October 2020 in a collaborative distribution arrangement. Get the latest business insights from Dun & Bradstreet. Taimi brings strong engineering that has developed proprietary, scalable technology and solutions-based offerings that are distributed in 34 countries. Find company research, competitor information, contact details & financial data for Helios Technologies, Inc. Founded in 2005, Taimi is a Canadian manufacturer of innovative hydraulic components that offer ball-less design swivel products which improve hydraulic reliability of equipment, increase the service life of components, and help protect the environment by reducing leakage. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has entered into a definitive agreement to acquire the assets of Taimi+R%26amp%3BD, Inc.
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