HMS Network completes acquisition of Red Lion Controls

HMS Networks has finalized the acquisition of Red Lion Controls from Spectris Group Holdings Limited. HMS shared in a press statement that the companies are now one entity and can start working together on common go-to-market strategies and product offerings.

“We are thrilled to welcome all new employees and valued customers of Red Lion to the HMS Networks family, marking an exciting new chapter in our journey. As we now jointly initiate the integration process, we look forward to leveraging our combined strengths, shared values, and commitment to delivering exceptional customer value. Over the next few quarters, our focus will be on ensuring a seamless integration and actively pursuing synergies between our companies. Together, we look forward to accelerating our position in the North American market.”, says Staffan Dahlström, president and CEO of HMS.

The acquisition was first announced in December 2023 and has now been approved.

For HMS and Red Lion customers, there will be no initial changes. The company names remain unchanged and product brands will be marketed and sold as before through the same channels.

HMS shares that going forward, the merger of the two companies will provide many synergies, especially as it widens the American market for HMS and the European market for Red Lion. The greatest proportion of Red Lion’s sales comes from North America, through a well-developed distributor network that HMS will be able to utilize to drive sales of its gateway and remote access offering. With about 60 percent of its sales in the large automation markets in Europe and well-developed and targeted market channels, HMS will be able to cross-sell selected parts of the Red Lion offering in Europe.