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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

JONI

JOAKIM NIDEBORN

Tel: +46 35 17 29 00

Email: joni@hms.se