Press releases from HMS Networks

Get all the latest financial and corporate news from HMS Networks around the world

Press releases

All the latest financial press releases from HMS Networks

HMS Networks AB (publ) acquires German IXXAT GmbH

by User Not Found | Jan 30, 2013

HMS, the world-leading supplier of industrial communication technology, has acquired IXXAT GmbH - a leading supplier of communication technology for industrial automation, machine manufacturing and the automotive industry. The purchase price is approximately 32 million Euro cash and debt free. 

IXXAT was founded in 1987 and is today headquartered in Weingarten, Germany. With subsidiaries in France and the U.S., IXXAT offers hi-tech communication products and services for industrial applications. IXXAT employs 85 people and has a turnover of 14 million Euro. 

"IXXAT's hi-tech products and services are great supplements to HMS's operations," says Staffan Dahlström, CEO at HMS Networks AB. "Their strong position especially on the important German market will reinforce HMS's presence on the world's leading market for industrial communication solutions. IXXAT is world-leading when it comes to CAN-based communication technology and they operate within business segments which will be important for HMS's future business."

The acquisition is to be carried out in January, 2013. The acquired business will be consolidated into the HMS Group as of January 31, 2013. The financing of the acquisition has been secured and the acquisition does not adhere to conditions or clearances from any authority.


For more information, please contact:
Staffan Dahlström, CEO HMS, +46 709-17 29 01
Gunnar Högberg, CFO HMS, +46 709-17 29 95

Investors press contact

HMS Headquarters - Sweden



Tel: +46 35 17 29 00


Press images

Download press images and logotypes

Click here

More investor information


Five reasons to invest in HMS

With a business concept in line with the future and a proven track record of innovation, HMS is a company aiming for future growth.

Financial Information

Over the past decade, HMS has grown by an average of over 20 % per year. Learn more about the HMS stock and our financial development.

Financial Reports

HMS has excellent opportunities for continued growth into the future. View our latest financial reports or browse our extensive report database.

Corporate Governance

Corporate governance is instrumental in the development of HMS' shareholder values and investor confidence. Learn more on how HMS is governed.