Helios Technologies Acquires Schultes Precision Manufacturing
January 17, 2023
Helios Technologies, a public manufacturer of motion control and electronic controls, has signed a definitive agreement to acquire Schultes Precision Manufacturing, a Buffalo Grove, Illinois-based precision CNC machining and assembly specialist. The acquisition (expected to close in Q1 2023) adds machining capabilities and capacity to Helios' Hydraulics segment; financial terms were not disclosed.
- Buyers
- Helios Technologies, Inc.
- Targets
- Schultes Precision Manufacturing, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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