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Helios Technologies to Acquire Joyonway's Electronic Control Systems Assets for Undisclosed Amount

05/11/2021 02:48

06:45 AM EDT, 05/11/2021 (MT Newswires) -- Helios Technologies (HLIO) said late Monday it has agreed to acquire the assets of Shenzhen Joyonway Electronics & Technology's electronic control systems and parts business for an undisclosed sum.

The transaction is expected to be completed in Q3 or "as soon as practicable."

Joyonway is a developer of control panels, software, systems and accessories for the health and wellness industry in Shenzhen and Dongguan in China, according to the statement.

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