HMS Networks Successfully Completes Share Divestment in Germany
HMS Networks Completes Strategic Divestment of MB Connect Line
HMS Industrial Networks GmbH, a subsidiary of the esteemed HMS Networks AB (publ) group, has successfully finalized the divestment of all shares in Red Lion Europe GmbH, situated in Germany. This strategic move highlights HMS's mission to enhance its focus on Industrial Information and Communication Technology.
Details of the Transition
The transaction concluded with an effective date and cash consideration of EUR 5 million. By consolidating business operations under experienced management, HMS ensures a seamless transition. This move builds on HMS's longstanding commitment to operational excellence while facilitating strategic growth within the market.
Continuing Strong Operations
With the departure of certain assets, HMS Networks continues to thrive as a market leader. Supported by a dedicated workforce of over 1,200 individuals, HMS Networks provides innovative solutions across the Industrial ICT landscape. Their extensive global presence bolsters sales and support through more than 20 offices worldwide, along with an expansive network of distributors and partners.
Financial Performance
HMS's financial robust performance is underscored by reported sales of SEK 3,025 million in the previous year, signifying a strong foothold in the telecommunications sector within the NASDAQ OMX in Stockholm. The divestment offers HMS the agility to allocate resources effectively, driving future growth and innovation in Industrial ICT solutions.
Contact Information for Inquiries
For further details or inquiries regarding this divestment, individuals can reach out to:
Staffan Dahlström, CEO HMS, at +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS, at +46 (0)35 710 6983
Frequently Asked Questions
What is the reason behind HMS Networks' divestment?
The divestment enhances HMS's focus on its core Industrial ICT solutions, aiming for greater market agility and leadership.
Who managed the ongoing operations after the divestment?
The business operations continue under the guidance of HMS's experienced management team, ensuring stability and continuity.
How has HMS Networks performed financially?
HMS reported impressive sales of SEK 3,025 million in the last fiscal year, reflecting its successful business strategy and market presence.
What is the significance of the cash consideration from the divestment?
The cash consideration of EUR 5 million will provide HMS with additional resources to invest in core business areas and drive further innovation.
How can I get in touch with HMS Networks for further inquiries?
For inquiries, you can contact Staffan Dahlström or Joakim Nideborn using the provided phone numbers.
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