M&A Deal Summary

Helios Technologies Acquires Joyonway - Electronic Control Systems & Parts Business

On May 10, 2021, Helios Technologies acquired software company Joyonway - Electronic Control Systems & Parts Business from Joyonway

Acquisition Highlights
  • This is Helios Technologies’ 1st transaction in the Software sector.
  • This is Helios Technologies’ 1st transaction in China.

M&A Deal Summary

Date 2021-05-10
Target Joyonway - Electronic Control Systems & Parts Business
Sector Software
Buyer(s) Helios Technologies
Sellers(s) Joyonway
Deal Type Divestiture

Target

Joyonway - Electronic Control Systems & Parts Business

Shenzhen, China
Joyonway's Electronic Control Systems & Parts Business develops control panels, software, systems, and accessories.

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Buyer(S) 1

Buyer

Helios Technologies

Sarasota, Florida, United States

Category Company
Founded 1970
Sector Machinery
Employees2,500
Revenue 806M USD (2024)
DESCRIPTION

Sun Hydraulics is a designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets. Helios Technologies was founded in 1970 and is based in Sarasota, Florida.


DEAL STATS #
Overall 7 of 12
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 BJN Technologies

San Antonio, Texas, United States

BJN Technologies LLC is an engineering solutions provider. BJN provides customized turnkey solutions encompassing embedded software, wireless electronics, and manufacturing in the defense, motion control, and manufacturing industries. BJN Technologies was founded in 2014 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 NEM

San Pier d'Isonzo GO, Italy

NEM is a hydraulic solutions company providing customized material handling, construction, industrial vehicle and agricultural applications to its global customer base, predominantly in Europe and Asia. NEM was founded in 1995 and is based in San Pier d'Isonzo GO, Italy.

Buy -

Seller(S) 1

SELLER

Joyonway

Shenzhen, China

Category Company
Sector Electronics
DESCRIPTION

Joyonway is a high technological enterprise specified in design, R&D, manufacturing, and marketing of intelligent control systems and solutions including, bathroom controller, SPA control system, intelligent toilet, pool lighting equipment, and fittings. Joyonway is based in Shenzhen, China.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1