HMS Networks AB (HMS Networks) is an information and communication technology company. It produces, markets, and develops communication technology for industrial automation. The company provides solutions to connect industrial devices to networks and products enabling interconnection between different industrial networks. MS Networks operates through subsidiaries, including HMS Industrial Networks AB and IXXAT GmbH, a supplier of communication technology for industrial automation, machine manufacturing and the automotive industry. The company offers embedded solutions, gateway solutions, wireless solutions, and network-specific solutions. It offers its solutions through Anybus, Ixxat, Ewon and Intesis brands. The company operates in Germany, China, the US, Japan, India, France, Italy, Singapore, South Korea, Romania and Spain, among others. HMS Networks is headquartered in Halmstad, Sweden.
Headquarters
Sweden
Address
Stationsgatan 37, Halmstad, 30250
Website
www.hms-networks.com
Telephone
46 35 172900
No of Employees
798
Industry
Technology and Communications
Ticker Symbol & Exchange
HMS (STO)
Revenue (2022)
$285.2M
20.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
12.3%
(2022 vs 2021)
Market Cap*
$1.8B
Net Profit Margin (2022)
XYZ
-7.0%
(2022 vs 2021)
* As of and is in US$
HMS Networks AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Machinery | Technical Services | Anybus |
| Accessories | Customized Solutions | Ixxat |
| IOT Gateways | Embedded Solutions | Ewon |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company announced the acquisition of 100% of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH. |
| 2023 | Contracts/Agreements | In October, the company entered into a partnership with Minitab to provide customers with the ability to turn rapidly captured data into actionable information, utilizing advanced analytics with reduced deployment timelines. |
| 2023 | Corporate Changes/Expansions | In April, the company announced the introduction of Anybus Diagnostics, a new business line focused on helping industrial companies avoid costly unplanned downtime. |
Competitor Comparison
| Key Parameters | HMS Networks AB | Foxconn Industrial Internet Co Ltd | Cisco Systems Inc | Ericsson AB | Particle3D |
|---|---|---|---|---|---|
| Headquarters | Sweden | China | United States of America | Sweden | Denmark |
| City | Halmstad | Shenzhen | San Jose | Stockholm | Odense |
| State/Province | - | Guangdong | California | - | - |
| No. of Employees | 798 | 191,521 | 84,900 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Charlotte Brogren | Chairman | Executive Board | - | 60 |
| Staffan Dahlstrom | Chief Executive Officer; President | Senior Management | 2009 | 56 |
| Joakim Nideborn | Deputy Chief Executive Officer; Chief Financial Officer | Senior Management | 2017 | 40 |
| Richard Skog | Chief Operating Officer | Senior Management | 2023 | - |
| Jorgen Palmhager | Chief Technology Officer | Senior Management | 2007 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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