Press Release. 8th Oct’24
HMS Networks AB (publication) (“HMS”), a global provider of industrial information and communication technology, has today entered into a binding agreement with DOGAWIST-Investment GmbH to acquire 100% of the shares in PEAK-System Technik GmbH (“PEAK-System”), a well-established German provider of industrial communication solutions and experts within automotive communication technologies such as CAN and LIN.
At the PEAK-System office in Darmstadt after signing. From left: Alexander Gach, Managing Director PEAK-System Technik, Ines Dohmann, Managing Director PEAK Group, Staffan Dahlström, CEO of HMS
Networks and Uwe Wilhelm, Managing Director PEAK Group and PEAK-System Technik.
Strategic rationale
The acquisition will strengthen HMS’ position within communication solutions for advanced engineering tools, testing and control within automotive, medical and transportation. HMS sees several synergies between HMS’ Business Unit Ixxat and PEAK-System as there are a lot of common expertise within automotive communication technologies such as CAN, CAN FD, LIN, Flexray and Automotive Ethernet, but aimed at different applications and target groups. Hence there is very good opportunities for cross-selling, both when it comes to product development and utilizing the sales channels of both companies.
The acquisition will strengthen HMS’ global presence within automotive communication, especially in the
German market.
“PEAK-System’s extensive product portfolio and expertise expand our existing product offering in
communication solutions for advanced engineering tools, testing and control in applications within
automotive, medical and transportation. We also see excellent cross-selling opportunities, both
geographically and technically. Our Ixxat brand and PEAK-System already offer unique sets of software and hardware tools and together, they will provide our customers with more options to solve their
communications challenges. This is an exciting step for HMS and our Ixxat brand and the entire HMS team are happy to welcome our new colleagues at PEAK-System to HMS,” says Staffan Dahlström, CEO of HMS Networks.
PEAK-System at a glance
PEAK-System is a well-established German industrial communication company offering both hardware and software for industrial and automotive communication. Through the development and manufacturing of innovative and scalable products with emphasis on network technologies used in the vehicle industry, the company has been serving customers all over the world since the start in 1999.
PEAK-System’s headquarters, with product manufacturing and development, is located in Darmstadt, Germany. There is also a French subsidiary with an office in Maxéville, close to Nancy, France. PEAK-
System employs in total about 50 people.
The sales are well distributed over the key industrial communication markets with approximately 50% of
sales in Europe, 25% in Asia, and 25% in the US.
For more information, please contact:
Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS, +46 (0)35 710 6983
This information is such that HMS Networks AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 CEST on October 1st, 2024.
HMS Networks AB (publ) is a market-leading provider of solutions in industrial information and
communication technology (Industrial ICT) and employs over 1200 people. HMS develops and manufactures products under the Anybus®, Ixxat®, Ewon®, and Intesis® brands (Red Lion® Controls is also a part of the HMS Group as of April 2024). Local sales and support are handled by branch offices all over the world, as well as through a worldwide network of distributors and partners. HMS reported sales of SEK 3,025 million in 2023 and is listed on the NASDAQ OMX in Stockholm in the Large Cap segment and Telecommunications sector.
HMS Industrial Networks India Private Ltd.
“Corporate Plaza”, Unit 1A & 1B, Ground Floor,
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Santosh Tatte
Phone: +91 20 2563 0211
Fax: +91 20 2563 9190
in-sales@hms.se
Press Contact:
HMS Networks
Thomas Carlsson, Market Communications Manager
Global Marketing
thc@hms.se
