HMS Networks Acquires Red Lion Controls, Significantly Expands Its Presence in North America
York, PA, USA – December 11, 2023 – HMS Networks (HMS) has entered into a binding agreement to acquire Red Lion Controls, a distinguished provider of industrial automation and networking solutions. This strategic move underscores HMS's commitment to expanding its global presence and enhancing its position as an industry leader in the rapidly evolving field of industrial automation.
The acquisition of Red Lion Controls represents a key milestone in HMS's growth strategy, bringing together two innovators in the industrial automation sector. This collaboration will leverage the complementary strengths of both companies, providing customers with a comprehensive suite of cutting-edge solutions designed to meet the evolving demands of the Industrial Internet of Things (IIoT) landscape.
“We are very happy to welcome Red Lion into the HMS Networks family, the companies are a great match both when it comes to products, geographic presence, and cultural aspects. The combination of Red Lion’s product portfolio, which is complementary to HMS’ offering and has limited overlap, and the geographic match with Red Lion having a strong position in the attractive North American market, and HMS with its core markets in Europe, will generate good cross-selling opportunities," says Staffan Dahlström, CEO of HMS.
Red Lion Controls, known for its advanced automation and networking solutions, will contribute its expertise to further enhance HMS's portfolio. The combined capabilities of both companies will result in an expanded range of solutions, offering customers unprecedented levels of connectivity, efficiency, and control in their industrial operations.
Marcel van Helten, President of Red Lion Controls, expressed enthusiasm about the acquisition, stating, "This is a great step for Red Lion. I would like to thank Spectris and Andrew Heath for their support in our growth over the past several years. I am looking forward to being able to work with the HMS team to make this a great success.”
Closing of the acquisition is expected to take place during the first half year of 2024, subject to customary closing conditions, including filing with and approval by the appropriate authorities under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 and filing with and approval by the Committee on Foreign Investment in the United States.
To read the full press release on HMS Networks’ website, click here.
About HMS Networks
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®, Ixxat®, Ewon® and Intesis® brands. Development takes place at the headquarter in Halmstad and also in Ravensburg, Nivelles, Igualada, Wetzlar, Buchen, Delft, Sibiu, Rotterdam and Bilbao. Local sales and support are handled by offices in Germany, USA, Japan, China, Singapore, Italy, France, Spain, the Netherlands, India, UK, Sweden, South Korea, Australia, UAE and Vietnam, as well as through a worldwide network of distributors and partners. HMS employs over 800 people and reported sales of SEK 2,506 million in 2022. HMS is listed on the NASDAQ OMX in Stockholm in the Large Cap segment and Telecommunications sector.
About Red Lion
Red Lion is focused on being THE Industrial Data Company ™️. We empower industrial organizations around the world to unlock the value of data by developing and manufacturing innovative products and solutions to access, connect and visualize their information. Red Lion’s global manufacturing and support facilities serve customers in factory automation, alternative energy, oil and gas, power and utilities, transportation, water and wastewater industry segments. We provide scalable solutions for cloud connectivity, edge intelligence and asset management, industrial Ethernet switches and industry leading panel meters and operator panels, to make it easy for companies to gain real-time data visibility that drives productivity.
For more information, please visit www.redlion.net.
©2023 Red Lion Controls, Inc. All rights reserved. Red Lion, the Red Lion logo, N-Tron, N-Ring, THE Industrial Data Company are trademarks of Red Lion Controls, Inc. All other company and product names are trademarks of their respective owners.
