The deal aligns entirely with our Vision 2025 strategy and will have very attractive financial returns for our shareholders from day one. “Strategically, this acquisition is our first step in a multi-year journey to build out our Electronics segment into a top industry player. “This is another milestone in our Company’s history, and we are excited to welcome the Balboa team to the Helios family,” commented Josef Matosevic, the Company’s President and Chief Executive Officer. Headquartered in Costa Mesa, CA, Balboa is a global operation selling into 47 different countries and utilizing a new state-of-the-art manufacturing facility in Baja, Mexico. The Company previously announced on Octothat it had entered into a definitive agreement dated Octoto acquire Balboa.īalboa is an innovative market leader of electronic controls for the health and wellness industry with proprietary and patented technology that enables end-to-end electronic control systems for therapy bath and spas. (operating as Balboa Water Group, hereinafter “Balboa”) for $218.5 million from investment funds affiliated with AEA Investors LP (the “Acquisition”). SARASOTA, Fla.-( BUSINESS WIRE)- Helios Technologies (Nasdaq: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, today announced that it completed the acquisition of BWG Holdings I Corp.
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