PEAK-System Technik Bought By HMS Networks for ICT Technology

By acquiring PEAK-System Technik, HMS Networks expands its footprint in the industrial information and communication technology (ICT) sector.

A binding agreement has been reached  between HMS Networks AB (publ) (“HMS”), a global provider of industrial information and communication technology, and DOGAWIST-Investment GmbH to purchase all of the shares in PEAK-System Technik GmbH (“PEAK-System”), a reputable German supplier of industrial communication solutions and experts in automotive communication technologies like CAN and LIN.

Through the acquisition, HMS will be better positioned to provide communication solutions for cutting-edge engineering tools, testing, and control in the transportation, automotive, and medical industries affirmed its official release.

Although CAN, CAN FD, LIN, Flexray, and Automotive Ethernet are all automotive communication technologies with a lot of similar experience, HMS sees several synergies between PEAK-System and HMS’ Business Unit Ixxat. However, these applications and target audiences are different.

As a result, there are plenty of chances for cross-selling, both in terms of product development and making use of both businesses’ sales channels.

The acquisition is expected to enhance HMS‘ worldwide standing in the automotive communication industry, particularly in the German market.

German industrial communication specialist PEAK-System has a long history of providing hardware and software for use in automotive and industrial settings. From its founding in 1999, the company has served clients worldwide by creating and producing cutting-edge, scalable products with a focus on network technology utilized in the automotive sector.

The product development and manufacturing headquarters of PEAK-System are situated in Darmstadt, Germany. Additionally, there is a French subsidiary that operates out of Maxéville, which is near Nancy. PEAK-System employs in total roughly 50 individuals.