HMS Networks, a leading player in industrial communication, completed its largest acquisitions to date in 2024 – US company Red Lion Controls and German company PEAK-System.

The acquisitions strengthen the company’s position in industrial automation and automotive communication, and expand its presence in the strategically important markets of the US and Germany. The new companies also add own production in their home markets, strengthening HMS Networks’ global robustness.

The acquisitions are financed with the support of a long-term financing solution from SEK and SEB. SEK maintains a central role in enabling Swedish exporters’ global growth and assisted HMS Networks in acting quickly when these opportunities presented themselves.

HMS Networks was founded in 1987 in Halmstad and is now a global key player in Industrial ICT. The company combines hardware and software to enhance the productivity, climatesmart nature and profitability of machines and systems. With strong growth and a continued investment in research and development, HMS Networks is well equipped to meet the rising demand for real-time data for AI applications.