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HMS Networks completes acquisition of Red Lion Controls to expand presence in North America

Apr 02, 2024•over 1 year ago

Acquiring Company

HMS Networks

Acquired Company

Red Lion Controls

HalmstadYorkManufacturingManufacturingIndustrial Automation

Description

HMS Networks AB has successfully completed the acquisition of 100 percent of the shares in Red Lion Controls Inc. The acquisition of Red Lion Controls significantly expands HMS’ presence in North America and complements HMS’ product offering, marking an exciting new chapter in the company's journey.

Company Information

Company

HMS Networks

Location

Halmstad, Hallands län, Sweden

About

HMS Networks AB is a market-leading provider of solutions in industrial information and communication technology (Industrial ICT). The company develops and manufactures products under the Anybus®, Ixxat®, Ewon® and Intesis® brands. With over 800 employees and reported sales of SEK 3,025 million in 2023, HMS is listed on the NASDAQ OMX in Stockholm in the Large Cap segment and Telecommunications sector.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed