It makes high-performance screw-in hydraulic cartridge valves, electro-hydraulics, manifolds and integrated package solutions for worldwide industrial and mobile hydraulics markets. The company also launched a new corporate website at Sun, one of Southwest Florida's largest manufacturing employers, was founded in 1970 by engineers Bob Koski and John Allen. ![]() “In addition to our organic growth initiatives, a key component of our Vision 2025 is the smart acquisition of aligned companies to broaden our end market coverage in both hydraulics and electronics, and eventually with technologies that link those applications,” he said. “The new name reflects a progression of the company’s corporate strategy, which encompasses a solid foundation of multiple brands committed to becoming a leading designer and manufacturer of intelligent systems and controls. “An integral part of our Vision 2025 is to recognize that the parent company is evolving and needs to remain independent from its operating brands,” Helios president/CEO Wolfgang Dangel said in the release. Those shares closed Monday at $53.02, up $1.75, or 3.4 percent, ahead of its scheduled announcement of second-quarter earnings after the market closes. Shares of Helios will continue to trade on the Nasdaq under the symbol SNHY. In addition to Sun Hydraulics, the company will operate Enovation Controls and Faster Group companies as wholly owned subsidiaries. ![]() Helios said in a morning news release that the change was in line with its Vision 2025 strategy, a drive to reach $1 billion in annual sales by that year as a global technology leader. The company said it will retain Sun Hydraulics as the name of one of its three operating subsidiaries under Helios, the parent holding company named for the Greek god of the sun. SARASOTA - After 48 years as Sun Hydraulics Corp., the Sarasota-based manufacturer said Monday it has changed its business name to Helios Technologies.
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