HMS Networks completed the acquisition of a 60% stake in Owasys Advanced Wireless Devices.

HMS Networks, a supplier of proprietary, patented technology for intelligent industrial communication, completed the acquisition of a 60% stake in Owasys Advanced Wireless Devices, an operator of a wireless communication company. Financial terms were not disclosed. “Owasys allows HMS to enter the vertical of mobile machines and utility vehicles which is an interesting part of our strategically important ‘Information Centric’ playing field. With Owasys, we strengthen our position for remote access and data solutions beyond our current sweet spot in factory automation. Owasys has an impressive technology and customer base for a company of their size and HMS will provide a good platform for future development," Staffan Dahlström, HMS Networks CEO.