The Swedish industrial communications technology manufacturer HMS Networks is going to acquire Red Lion Controls, a US-based manufacturer of industrial automation solutions. HMS Networks has reached an agreement to this effect with Red Lion s parent company Spectris Group Holdings.
By Christian Moess Laursen Spectris said it has sold its Red Lion Controls business for $345 million to Sweden's HMS Networks, and that it will buy back up.
THIS PRESS RELEASE IS NOT AND DOES NOT FORM A PART OF ANY OFFER FOR SALE OF SECURITIES. COPIES OF THIS COMMUNICATION MAY NOT BE MADE IN, AND MAY NOT BE DISTRIBUTED TO OR SENT INTO, THE UNITED STATES,.
Industrial Cellular Modem Market Growth 2023-2029 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.