HMS Networks has completed the acquisition of PEAK-System Technik

GlobeNewswire11-01

HMS Networks AB (publ) (“HMS”) has today completed the previously announced acquisition of 100 percent of the shares in PEAK-System Technik GmbH (“PEAK-System”), a well-established German provider of ...

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The acquisition has now been completed, strengthening HMS’ position within Industrial Information and Communication Technology . PEAK-System will be part of the New Industries division from January 1, 2025, together with the other HMS brands Ixxat, Intesis and Owasys.HMS Networks AB  is a market-leading provider of solutions in Industrial Information and Communication Technology  and employs over 1 200 people. Local sales and support are handled through over 20 sales offices all over the world, as well as through a wide network of distributors and partners. HMS reported s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4020":"通信设备","SKIS":"Peak Resorts, Inc.","HMNKF":"HMS Networks AB"},"translate_title":"HMS Networks已完成对PEAK-System Technik的收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKIS":1,"HMNKF":0.9},"content_text":"HMS Networks AB (publ) (“HMS”) has today completed the previously announced acquisition of 100 percent of the shares in PEAK-System Technik GmbH (“PEAK-System”), a well-established German provider of industrial communication solutions.\nOn October 1, 2024, HMS announced that an agreement had been signed with DOGAWIST-Investment GmbH regarding the acquisition of PEAK-System for a cash consideration of EUR 69 million, on a cash and debt free basis (Enterprise Value). The acquisition has now been completed, strengthening HMS’ position within Industrial Information and Communication Technology (ICT). PEAK-System will be part of the New Industries division from January 1, 2025, together with the other HMS brands Ixxat®, Intesis® and Owasys®. \nThe consolidation of PEAK-System into HMS, as of November 1, 2024, is expected to be accretive to HMS’ earnings per share (excluding any non-cash amortization impacts from the acquisition).\nFor more information, please contact:Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01Joakim Nideborn, CFO HMS, +46 (0)35 710 69 83\nHMS Networks AB (publ) is a market-leading provider of solutions in Industrial Information and Communication Technology (Industrial ICT) and employs over 1 200 people. Local sales and support are handled through over 20 sales offices all over the world, as well as through a wide network of distributors and partners. 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