Helios Technologies, a provider of motion control and electronic controls technology, has entered into a definitive agreement to acquire the assets of Taimi R&D, a Canadian manufacturer of hydraulic components distributed in 34 countries.
Helios’ brand Faster and Taimi R&D started working together in October 2020 in a collaborative distribution arrangement.
Helios expects to close the transaction in the third quarter of 2022 or as soon as practicable, subject to customary closing conditions. Terms of the acquisition were not disclosed.
Taimi was founded in 2005. The company’s goal is to improve the hydraulic reliability of equipment and help protect the environment by reducing leakage. Taimi has developed a unique technology of ball-less swivel couplings. Its products are leak resistant, pressure-spike protected, and can withstand significant lateral and tear loads. They are designed for high-pressure modern machines.
“Bolting Taimi onto our pure play hydraulics platform is a clear demonstration of the continued progress we are making with our flywheel acquisition strategy,” Josef Matosevic, Helios’ president and chief executive officer, said in a press release. “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. We are excited to expand our hydraulics solutions and enhance our technical expertise with Taimi’s innovative team. Their team brings not only technology but also strong engineering expertise. Importantly, we continue to execute on our augmented strategy to drive value for our customers with our integrated innovation teams across Helios. We believe this approach helps us maintain a market leading position and ultimately delivers for all of our stakeholders.”