HMS Networks Strengthens Portfolio with PEAK-System Acquisition
HMS Networks AB (publ) has officially finalized its acquisition of PEAK-System Technik GmbH. This strategic move marks a significant step in enhancing HMS' offerings in the realm of industrial communication solutions. By acquiring PEAK-System, established in Germany, HMS is poised to strengthen its presence in the Industrial Information and Communication Technology (ICT) landscape.
Details of the Acquisition Agreement
The acquisition was initially announced on October 1, when HMS signed an agreement with DOGAWIST-Investment GmbH to acquire 100 percent of PEAK-System for a cash consideration of EUR 69 million. This amount is calculated on a cash and debt-free basis, representing the enterprise value of PEAK-System. With this transaction completed, HMS Networks aims to incorporate PEAK-System into its operations, which is expected to offer considerable benefits to the company's growth trajectory.
Anticipated Benefits and Integration Plans
Following the acquisition, PEAK-System will officially join the HMS family and will be integrated into the New Industries division effective January 1, 2025. This division already includes other notable brands such as Ixxat® and Intesis®. The integration is not only strategic for market expansion, but it is also projected to be accretive to HMS' earnings per share, barring any non-cash amortization impacts from this acquisition.
Impact on HMS Networks’ Business Operations
With over 1,200 employees and an extensive network of over 20 sales offices globally, HMS Networks is a key player in the Industrial ICT sector. The successful acquisition of PEAK-System is expected to bolster HMS’ technological capabilities and increase its market responsiveness.
Looking Forward: Financial Outlook
In the previous year, HMS reported an impressive sales figure of SEK 3,025 million. With the addition of PEAK-System, the company anticipates an upward trajectory in its sales performance. The consolidation of such a reputable company into HMS signifies solid confidence in future market opportunities and technological advancements, paving the way for innovative solutions in industrial communication.
Contact Information for Further Inquiries
For those seeking additional details or insights regarding this acquisition, please reach out to:
Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS, +46 (0)35 710 69 83
Frequently Asked Questions
What does the acquisition of PEAK-System mean for HMS Networks?
The acquisition significantly enhances HMS Networks' capabilities in providing industrial communication solutions and strengthens its position in the ICT sector.
How much did HMS Networks pay for PEAK-System?
HMS Networks acquired PEAK-System for a cash consideration of EUR 69 million on a cash and debt-free basis.
When will PEAK-System be integrated into HMS Networks?
The integration of PEAK-System into HMS Networks will officially take place on January 1, 2025.
How does HMS Networks plan to benefit from this acquisition?
The acquisition is expected to be accretive to HMS’ earnings per share, enabling growth and expansion in market share within the industrial ICT space.
Who can I contact for more information regarding the acquisition?
For inquiries, you can contact Staffan Dahlström, CEO, or Joakim Nideborn, CFO, at HMS Networks.
