Showing posts from April, 2022

HMS Networks AB (publ) acquires the remaining shares of Procentec B.V.

  Pieter Barendrecht, CEO of Procentec B.V (left) and Staffan Dahlström, CEO of HMS Networks (right) on site in Rotterdam HMS Industrial Networks AB, a wholly-owned subsidiary of HMS Networks AB (publ), has today acquired the remaining 30% of the shares in Procentec B.V. based on pre-determined option conditions. HMS acquired 70% of Procentec on October 1st 2020, and following today’s transaction Procentec will be a wholly-owned subsidiary. The Procentec offering focuses on diagnostics and monitoring of factory networks. Acquiring the remaining shares in Procentec is a natural step for HMS which opens for closer integration of Procentec to realize synergies both in sales and marketing as well as product development. “We are very happy with the development of Procentec and the great work done by the management team and the Procentec employees since joining HMS. I am very pleased with this transaction and excited about our continued journey ahead during which we can explore more synergie