A binding agreement has been reached for HMS Networks to acquire a part of Molex Industrial Solutions Business Unit.
With interconnect solutions for a variety of industries, Molex is a leading worldwide electronics company dedicated to revolutionizing technological innovation. Molex employs more than 50,000 employees and is present in more than 38 countries.
The Molex Industrial Solutions Business Unit acquisition consists of several strategic assets including:
- Hardware and software intellectual property
- A product portfolio consisting of network interface cards and software stacks
- Customer relations, primarily in USA and Japan
- Development teams based in Waterloo, Canada, and Le Thuit Anger, France
- The French company Woodhead Software & Electronics S.A.S.U.
Obtaining strategic intellectual property and expertise from the seasoned engineering teams is the main justification for the acquisition. Through complementary IP blocks, this acquisition strengthens division INT’s software and hardware solutions, supporting its goal.
Additionally, it increases HMS’s customers in North America, a crucial strategic market and a crucial component of the INT division’s 2030 plan.
Leadership Comments
“After some time of discussion, Molex and HMS concluded that the industrial communication business of Molex aligns closely with the vision of the INT division within HMS. We identified several synergies with Molex network interface cards, and their leading industry offer on network controller/scanners, which complement our INT product portfolio and create several cross-selling opportunities.
At the same time Molex can focus fully on their core business, confident that their Industrial Communication customers will be in good hands with HMS. This is a perfect addition to the HMS portfolio and a win-win deal for both parties,” says Bartek Candell, Senior Vice President of HMS Networks.
“Molex is delighted to transition our industrial communications business to HMS, a true market leader in the category,” said Dave Atkinson, Vice President and General Manager of Molex Industrial Solutions.
“We are confident that our talented team members will bring highly complementary engineering expertise and innovation capabilities to support our collective customers.”
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