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.
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