Prominent Sarasota manufacturer acquires $13 million company

Helios Technologies Inc. is continuing to expand. 

The Sarasota-based manufacturer recently signed an agreement to acquire i3 Product Development, a custom engineering services firm with over 55 engineers. The 28-year-old company is located in Wisconsin. In 2022, i3 generated over $13 million in revenue, according to a statement. 

“The acquisition of i3 Product Development will turbocharge our efforts to be the most innovative company focused on the intersection of the hydraulics and electronics markets,” Josef Matosevic, Helios president and CEO, says in the release. “They will complement our existing internal engineering teams across all our operating companies.”