HMS Networks acquires Red Lion Controls for $345M

HMS Networks AB has entered into a binding agreement to acquire Red Lion Controls, a US-based provider of industrial automation solutions, from Spectris Group Holdings for $345 million in cash. The acquisition will significantly expand HMS' presence in North America.

“The acquisition will significantly strengthen HMS’ presence in North America and enable cross-selling of both HMS’ and Red Lion’s products through their respective market channels.”view.news.eu.nasdaq.com

• 3 sources
• view.news.eu.nasdaq.comHMS Networks acquires Red Lion Controls and significantly expands its presence in North AmericaDec 11, 2023
• controldesign.comHMS Networks agrees to acquire Red Lion Controls | Control DesignMike BacidoreDec 15, 2023
• automationworld.comHMS Acquires Red Lion Controls to Expand into North America | Automation WorldJan 24, 2024

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