HMS Networks and Red Lion Controls join forces for a stronger offering within Industrial Information and Communication Technology
York, PA, USA – April 2, 2024 – HMS Networks has finalized the acquisition of Red Lion Controls from Spectris Group Holdings Limited. The two companies are now one entity and can start working together on common go-to-market strategies and product offerings.
The acquisition, which was first announced December 11, 2023, has now been approved. This means that HMS Networks now has 1200 employees in 18 countries. Most staff are stationed in the U.S., Sweden and Germany.
What to expect
For HMS and Red Lion customers, there will be no initial changes. The HMS and Red Lion company names remain unchanged and product brands will be marketed and sold as before through the same channels. Production and shipping are handled from the HMS and Red Lion entities respectively. Contact details and email addresses remain, with the exception of India where Red Lion staff will get an hms-networks.com address.
Synergies ahead
Going forward, the merger of the two companies will provide many synergies, especially as it widens the American market for HMS and the European market for Red Lion. The greatest proportion of Red Lion’s sales comes from North America, through a well-developed distributor network that HMS will be able to utilize to drive sales of HMS’ gateway and remote access offering. With about 60 percent of its sales in the large automation markets in Europe and well-developed and targeted market channels, HMS will be able to cross-sell selected parts of the Red Lion offering in Europe.
“We are thrilled to welcome all new employees and valued customers of Red Lion to the HMS Networks family, marking an exciting new chapter in our journey. As we now jointly initiate the integration process, we look forward to leveraging our combined strengths, shared values, and commitment to delivering exceptional customer value. Over the next few quarters, our focus will be on ensuring a seamless integration and actively pursuing synergies between our companies. Together, we look forward to accelerating our position in the North American market.”, says Staffan Dahlström, President and CEO of HMS.
More information to come as the integration work progresses.
www.hms-networks.com
www.redlion.net
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 3,025 million in 2023. 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.
©2024 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.
