Helios Technologies Inc. announced today that Rick Martich has been appointed to the corporate officer position of President of Hydraulics, Americas effective immediately. Most recently Martich was serving as the Interim CVT President and Senior Vice President, Global Operations and Systems Sales. “As we continue to execute on our augmented strategy, optimizing our leadership structure…
Helios Technologies consolidates to create two hydraulic operational centers
Helios Technologies Inc. announced yesterday that it is forming two new Regional Operational Centers of Excellence (“CoE”) for its Hydraulics segment. Facility expansion is currently underway in Mishawaka, Indiana, the future Hydraulic Manifold Solutions CoE, to accept the manifold machining and integrated package assembly operations from Sun Hydraulics, the integrated package business from Faster Inc.,…
Helios Technologies appoints Lee Wichlacz as President of electronics segment
Helios Technologies Inc. announced that Lee Wichlacz recently joined the company and has been appointed to the newly created corporate officer position of President, Electronics, effective December 7, 2022. Josef Matosevic, Helios’ President and Chief Executive Officer, commented, “As we continue to execute on our augmented strategy, optimizing our leadership structure is paramount. Lee is…
Helios releases valve that converts hydraulic flow into electric energy
Sun Hydraulics (Sun), a Helios Technologies (Helios) company, introduced ENERGEN, a unique cartridge valve that converts hydraulic flow into electric energy. ENERGEN is a new product in the recently announced ecoline program and a direct result of a long-standing focus on quality, performance, and innovation. “We are delivering innovation by capitalizing on our expertise in […]
Helios Technologies acquires Daman Products
Helios Technologies Inc. has entered into a definitive agreement to acquire the assets of Daman Products Co. Founded in 1976, Daman is headquartered in Mishawaka, Ind. and is a recognized leader in complex manifold design and manufacturing for precision hydraulic manifolds and related fluid conveyance products. Daman products are used in numerous hydraulics applications for industrial…
Helios Technologies to acquire Italy’s NEM S.r.l. hydraulics business
Helios Technologies has entered into a definitive agreement to acquire NEM S.r.l. Founded in 1995, NEM is an innovative hydraulic solutions company providing customized material handling, construction, industrial vehicle and agricultural applications to its global customer base, predominantly in Europe and Asia. NEM is located in northern Italy’s Emilia Romagna region, one of the world’s…
Sun Hydraulics changes name to Helios Technologies, closes Australian acquisition
Sun Hydraulics Corporation today announced the adoption of Helios Technologies as its new business name. The use of a new name for the parent holding company is in alignment with the company’s progress toward its Vision 2025 strategy, which is to achieve global technology leadership in the industrial goods sector by 2025 with critical mass…