HMS Networks acquires PEAK-System Technik, strengthening its position in industrial information and communication technology (ICT)

HMS Networks AB (publ) ("HMS"), a global provider of industrial information and communications technology, today entered into a binding agreement with DOGAWIST-Investment GmbH to acquire 100% of the shares in PEAK-System Technik GmbH ("PEAK-System"), a renowned German provider of industrial communication solutions and expert in automotive communication technologies, such as CAN and LIN.

Strategic rationale

The acquisition strengthens HMS' position in communication solutions for advanced engineering tools, testing and control within the automotive, medical and transportation sectors. HMS sees multiple synergies between HMS' Business Unit Ixxat and PEAK-System, as there is a lot of common expertise within automotive communication technologies, such as CAN, CAN FD, LIN, Flexray and Automotive Ethernet, but focused on different applications and target groups. This means that there are excellent opportunities for cross-selling, both in terms of product development, and in the use of both companies' sales channels.

The acquisition strengthens HMS' global presence in automotive communications, particularly in the German market.

"PEAK-System's expanded product portfolio and expertise extends our existing product offering in the area of communication solutions for advanced engineering tools, testing and control in automotive, medical and transportation applications. In doing so, 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 additional options to solve their communications challenges. This is an exciting step for HMS and our Ixxat brand and the entire HMS team is delighted to welcome our new colleagues from PEAK-System to HMS," said Staffan Dahlström, CEO of HMS Networks.

PEAK-System at a glance

PEAK-System is a renowned German industrial communications company providing both hardware and software for industrial and automotive communications. Developing and manufacturing innovative and scalable products with an emphasis on network technologies used in the vehicle industry, the company has been serving customers around the world since its inception in 1999.

PEAK-System's headquarters, with production and development, is located in Darmstadt, Germany. There is also a French subsidiary with an office in Maxéville, near Nancy, France. PEAK-System employs a total of about 50 people. Sales are well distributed across major industrial communications markets with about 50% of sales in Europe, 25% in Asia and 25% in the US.