# 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.

- Type: Acquisition
- Announced: 2023-12-11
- Where: Pennsylvania, United States
- Value: $345.0M
- Status: announced
- Products: industrial automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Spectris](https://endata.com/companies/7352.md) (partner)
- [HMS Networks AB](https://endata.com/companies/56229.md) (acquirer)
- [Red Lion Controls](https://endata.com/companies/62079.md) (target)

## Sources

- [view.news.eu.nasdaq.com](https://view.news.eu.nasdaq.com/view?id=b9140fc3ad8a41d33be68b8fa8d307370&lang=en&src=micro), 2023-12-11: "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."
- [controldesign.com](https://www.controldesign.com/industry-news/news/33016464/hms-networks-agrees-to-acquire-red-lion-controls), 2023-12-15: "We are very happy to welcome Red Lion into the HMS Networks family."
- [automationworld.com](https://www.automationworld.com/factory/workforce/article/33019210/hms-acquires-red-lion-controls-to-expand-into-north-america), 2024-01-24: "The acquisition is seen as strategically beneficial for both companies, offering synergies in terms of products, geographic presence and cultural aspects."

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