Representative End User Clients
Representative Automation Clients
Representative Software Clients
HMS Networks announced the acquisition of part of the Industrial Solutions Business Unit of global electronics provider Molex. The acquired business will become part of the HMS Industrial Network Technology (INT) division.
The acquisition consists of several strategic assets including:
Hardware and software intellectual property.
A product portfolio consisting of network interface cards and software stacks.
Customer relations, primarily in the US and Japan.
Development teams based in Waterloo, Canada, and Le Thuit Anger, France.
The French company Woodhead Software & Electronics S.A.S.U.
The primary rationale for the acquisition is to obtain strategic intellectual property and know-how from the experienced engineering teams. This acquisition supports the HMS INT division’s strategy by strengthening its software and hardware offerings through complementary IP blocks. It also expands HMS’s customer base in North America, a key strategic market and an essential initiative of the 2030 strategy for the INT division.
The acquisition follows the 2023 acquisition of Red Lion Controls by HMS Networks, which was also focused on expanding its US market presence.
Financial Impact
The existing customer base is expected to generate annual revenue above 10 million USD in the coming years and contribute a positive EBITA for HMS that does not substantially impact the overall profitability level of the company. The purchase price for the assets has been agreed at 7 million USD, on a cash- and debt-free basis, and will be paid in cash on closing. The deal is expected to close in January 2026. The acquisition will have a limited impact on HMS’s earnings per share.
Find out more about the market for digital transformation at the industrial edge.