HMS Networks acquires 60% share in Owasys Advanced Wireless Devices
21 July 2021HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB, has acquired 60% of all shares in the Spanish company Owasys Advanced Wireless Devices, headquartered in Bilbao with 20 employees.
Owasys is a wireless communication company designing and manufacturing products for utility vehicles and industrial machines. It offers wireless embedded communication platforms for remote monitoring and control of mobile machines.
“Owasys allows HMS to enter the vertical of mobile machines and utility vehicles which is an interesting part of our strategically important ‘Information Centric’ playing field. With Owasys, we strengthen our position for remote access and data solutions beyond our current sweet spot in factory automation.” said Staffan Dahlström, CEO, HMS Networks.
“Owasys has an impressive technology and customer base for a company of their size and HMS will provide a good platform for future development”.
Its portfolio includes owa4x, an IoT gateway for processing and transmission of data from wired and wireless sensors, devices and peripherals to the cloud, and owa450 which is an IoT platform for controlling and monitoring data from vehicles and industrial machines at the Edge.
“We are very excited to be able to continue to develop our market together with HMS. We see good opportunities for technology collaborations and HMS’ international presence will be of great use for Owasys in our continued expansion,” added Javier Gurtubay, CEO, Owasys.
The 60% share in Owasys was acquired by HMS from the existing management team who remains in ownership of 40% of the shares and will continue to manage the business. Owasys is expected to have Net Sales of €5.5m and EBIT €1.4m in 2021.
