# HMS Networks acquires 60% stake in Owasys Advanced Wireless Devices

HMS Industrial Networks AB, a subsidiary of HMS Networks AB, acquired 60% of shares in Spanish company Owasys Advanced Wireless Devices S.L., which designs and manufactures wireless communication products for utility vehicles and industrial machines.

- Type: Acquisition
- Announced: 2021-07-01
- Where: Bilbao, Spain, Spain
- Status: completed
- Products: wireless embedded communication platforms, IoT gateways, IoT platforms for vehicle and machine monitoring
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HMS Networks AB](https://endata.com/companies/56229.md) (acquirer)
- [HMS Industrial Networks AB](https://endata.com/companies/56230.md) (acquirer)
- [Owasys Advanced Wireless Devices S.L.](https://endata.com/companies/56231.md) (target)

## Sources

- [owasys.com](https://owasys.com/hms-networks-ab-acquires-a-majority-of-owasys-advanced-wireless-devices-s-l/), 2021-07-02: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.