Helios Technologies Inc. Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal

Reuters

08/05

Helios Technologies Inc. Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal

Helios Technologies, Inc. has announced a definitive agreement to sell its Australian-based business, Custom Fluidpower (CFP), to Questas Group. The transaction, valued at approximately $83 million AUD (~$54 million USD), is expected to close within the next 60 to 90 days, pending customary closing conditions. This sale marks a significant return on investment for Helios, as the transaction value represents a $48 million AUD increase over the acquisition price paid in 2018. Helios will also establish a long-term exclusive distribution agreement with Questas, ensuring the continued presence of Sun Hydraulics in the Australian market through CFP's comprehensive network.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Helios Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804588777) on August 04, 2025, and is solely responsible for the information contained therein.

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Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Helios Technologies Inc. Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/HLIO\">Helios Technologies, Inc.</a> has announced a definitive agreement to sell its Australian-based business, Custom Fluidpower (CFP), to Questas Group. The transaction, valued at approximately $83 million AUD (~$54 million USD), is expected to close within the next 60 to 90 days, pending customary closing conditions. 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Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-05 04:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Helios Technologies Inc. Announces Sale of Custom Fluidpower to Questas Group in $83 Million AUD Deal\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/HLIO\">Helios Technologies, Inc.</a> has announced a definitive agreement to sell its Australian-based business, Custom Fluidpower (CFP), to Questas Group. The transaction, valued at approximately $83 million AUD (~$54 million USD), is expected to close within the next 60 to 90 days, pending customary closing conditions. This sale marks a significant return on investment for Helios, as the transaction value represents a $48 million AUD increase over the acquisition price paid in 2018. 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ID: 20250804588777) on August 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HLIO","symbol_name":"Helios Technologies, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250804:nNDL5hHpNc:1","article_id":"2557397733","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557397733","pubTimestamp":1754338230,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Helios Technologies, Inc. has announced a definitive agreement to sell its Australian-based business, Custom Fluidpower , to Questas Group. The transaction, valued at approximately $83 million AUD , is expected to close within the next 60 to 90 days, pending customary closing conditions. This sale marks a significant return on investment for Helios, as the transaction value represents a $48 million AUD increase over the acquisition price paid in 2018. Helios will also establish a long-term exclusive distribution agreement with Questas, ensuring the continued presence of Sun Hydraulics in the Australian market through CFP's comprehensive network.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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