HMS Networks and Red Lion Controls join forces for a stronger offering within Industrial Information and Communication Technology
HMS Networks has finalized the acquisition of Red Lion Controls from Spectris Group Holdings
Limited. The two companies are now one entity and can start working together on common go-to- market strategies and product offerings.
The acquisition, which was first announced December 11, 2023, has now been approved. This means that HMS Networks now has 1200 employees in 18 countries. Most staff are stationed in the U.S., Sweden and Germany.
What to expect
For HMS and Red Lion customers, there will be no initial changes. The HMS and Red Lion company names remain unchanged and product brands will be marketed and sold as before through the same channels. Production and shipping are handled from the HMS and Red Lion entities respectively. Contact details and email addresses remain, with the exception of India where Red Lion staff will get an hms-networks.com address.
Synergies ahead
Going forward, the merger of the two companies will provide many synergies, especially as it widens the American market for HMS and the European market for Red Lion. The greatest proportion of Red Lion’s sales comes from North America, through a well-developed distributor network that HMS will be able to utilize to drive sales of HMS’ gateway and remote access offering. With about 60 percent of its sales in the large automation markets in Europe and well-developed and targeted market channels, HMS will be able to cross-sell selected parts of the Red Lion offering in Europe. “We are thrilled to welcome all new employees and valued customers of Red Lion to the HMS Networks family, marking an exciting new chapter in our journey. As we now jointly initiate the integration process, we look forward to leveraging our combined strengths, shared values, and commitment to delivering exceptional customer value. Over the next few quarters, our focus will be on ensuring a seamless integration and actively pursuing synergies between our companies. Together, we look forward to accelerating our position in the North American market.”, says Staffan Dahlström, President and CEO of HMS.
More information to come as the integration work progresses.
www.hms-networks.com
www.redlion.net
HMS Networks AB (publ) is a market-leading provider of solutions in industrial information and communication technology (Industrial ICT). HMS develops and manufactures products under the Anybus®, Ewon®, Intesis® and Ixxat® brands. Headquartered in Halmstad, Sweden, HMS also has offices in Germany, USA, Japan, China, Singapore, Italy, France, Spain, the Netherlands, India, UK, South Korea, Australia, and UAE, as well as a worldwide network of distributors and partners. HMS employs over 780 people and reported sales of SEK 2,506 million in 2022. HMS is listed on the NASDAQ OMX in Stockholm, category Large Cap, Information Technology.
HMS Industrial Networks India Private Ltd.
“Corporate Plaza”, Unit 1A & 1B, Ground Floor,
Senapati Bapat Road, Near Chaturshrungi Temple, Pune – 411016 (M.S.). INDIA.
Santosh Tatte
Phone: +91 20 2563 0211
Fax: +91 20 2563 9190
in-sales@hms.se
Press Contact:
HMS Networks
Thomas Carlsson
Market Communications Manager
Global Marketing
thc@hms.se
