Announced
Financials
Tags
computer hardware
United States
Computer Hardware
Acquisition
Cross Border
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
HMS Networks, an industrial Information and communication technology company, agreed to acquire Red Lion Controls, a computer hardware manufacturer, from Spectris, a precision instrumentation and controls supplier, for $345m. “We are very happy to welcome Red Lion into the HMS Networks family, the companies are a great match both when it comes to products, geographic presence, and cultural aspects. The combination of Red Lion’s product portfolio, which is complementary to HMS’ offering and has limited overlap, and the geographic match with Red Lion having a strong position in the attractive North American market, and HMS with its core markets in Europe, will generate good cross-selling opportunities," Staffan Dahlström, HMS Networks CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.