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Sarasota-Manatee
Business Observer Friday, Jun. 14, 2019 4 months ago

Company to begin trading under new ticker symbol

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Representatives of Helios Technologies rang the Nasdaq Opening Bell on June 14. 
by: Grier Ferguson Sarasota-Manatee Editor

SARASOTA — Helios Technologies, parent company of Sarasota-based Sun Hydraulics, announced that its shareholders approved an amendment to its articles of incorporation to change the name of the corporation to Helios Technologies Inc.

Effective on June 17, Helios Technologies will begin trading on the Nasdaq under its new ticker symbol “HLIO.” Representatives of Helios Technologies rang the Nasdaq Opening Bell June 14 to mark the switch, according to a statement. 

“Last August, we changed our business name to Helios Technologies, recognizing that the parent company is evolving in accordance with our Vision 2025 strategy and needs to remain independent from our operating brands," says President and CEO Wolfgang Dangel in the statement. "We are pleased that our shareholders agree with this evolution, evidenced by their approval of the legal name change at yesterday’s meeting. A natural progression is the ticker change, to align with our new legal name. We look forward to continuing the successful execution of our strategy under our new identity.”

Helios Technologies develops and manufactures hydraulic and electronic control solutions for diverse markets. The company does business through its operating subsidiaries worldwide, including Sun Hydraulics, Enovation Controls and Faster Group. The company operates in two business segments: hydraulics and electronics.

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