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

26 April 2022

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 synergies between the companies” says Staffan Dahlström, CEO of HMS Networks.

“We are committed to continuing to drive and develop Procentec further, and look forward to benefitting from even deeper collaboration with HMS,” says Pieter Barendrecht, CEO of Procentec B.V.

Procentec is already consolidated to 100%, hence there will be no impact on HMS’ Earnings Per Share from the transaction.

Source: News from HMS

Categories: Partner News
<a href="https://blog.idx.co.za/author/dhashika/" target="_self">Dhashika Ramgolam</a>

Dhashika Ramgolam

Marketing Manager

Dhashika has nearly twenty years of experience across the construction, engineering, fitness, mining and software development industries. Her hobbies include reading, baking, playing scrabble and watching movies.

Show your love!

Recent Posts

Driving Productivity with LineView Training

In light of our partnership with LineView Solutions, our team has taken up the opportunity to equip themselves with insights into the LineView system and its impact on the industry. “LineView is a production line monitoring and recording system that automatically...

Exciting New Launch: Onsite ProfiDay

IDX is excited to announce the launch of our onsite ProfiDay offering. This is available to all industries and companies that utilise PROFIBUS and/or PROFINET within their industrial communications systems. What is ProfiDAY? An exclusive onsite program offering...

Introducing our Partnership with LineView Solutions

We are excited to announce our partnership with LineView Solutions, a leading UK-based company specialising in smart factory solutions for optimising production processes. LineView developed a cutting-edge software suite designed to automatically gather data from the...

Optimise PROFIBUS and PROFINET Network Performance

As a field technician handling PROFIBUS and PROFINET systems, it is crucial to recognise the common errors that can result in costly downtime. From improper network configuration to neglecting regular maintenance, these mistakes can greatly affect system performance...

Delighted Customer Shares Experience

We recently assisted a client in rectifying damage to the Anybus ABC4090 Communicator caused by incorrect power usage onsite. We arranged for the device to be sent to HMS in Sweden for repairs, and they restored it before promptly returning it to us. Here are some...

Price Decrease on PROFIBUS Connectors

PROFIBUS connectors play a crucial role in industrial automation and data exchange systems by facilitating smooth communication between devices and networks. We are pleased to announce a significant price decrease on all our PROFIBUS connectors. Thanks to recent...

PROFIBUS Standards: Functional bonding and shielding

Electromagnetic Interference (EMI) and earthing issues can significantly impact the performance of your network. By following these six proven recommendations, you can ensure that your network is always up and running.

PROFIBUS Standards: Terminations

What is the Volts Direct Current (VDC) required for optimal operation of a PROFIBUS DP termination circuit? Get the answers you need in our latest video on PROFIBUS Standards: Terminations. Don't miss out on this essential knowledge to boost your system's performance!

PROFIBUS Standards: Segment Cable Lengths

Finding the perfect balance between PROFIBUS cable length and network speed is crucial. While longer cable segments might seem tempting, they can lead to signal degradation and slower speeds. Conversely, too short segments might limit your layout options. Striking the...

Sign up for our newsletter

Get exclusive updates and a sneak peek into our world every two months. Stay connected, stay informed.

Related Posts

Anybus Gateway transition

Anybus Gateway transition

HMS Industrial Networks recently announced that some of their Anybus Communicators reached the end...

Our expertise lies in establishing, maintaining, and leveraging plant data for business benefit. Through our innovative solutions, we work alongside you to streamline processes, enhance efficiency, and reduce costly downtime.

CONTACT US

Main: +27 (11) 548 9960
Sales: +27 (11) 548 9970

SOCIAL MEDIA

Copyright @2024 Industrial Data Xchange. All rights reserved.