For several years, Global M2M has been HMS’ primary distributor of products in Oceania. Global M2M is expected to realize a turnover of 2 MEUR in 2022, out of which more than 90% is HMS products.
HMS will continue the business of Global M2M under the name HMS Industrial Networks Pty Ltd to build a foundation with local presence for increased HMS sales and marketing activities in Australia which is expected to be an interesting market going forward.
The acquisition will have limited impact on HMS’s sales and earnings per share in 2022.
The HMS Networks and Global M2M teams on site in Melbourne. Hans-Joachim Sommer, John Thomson, Tom Hu, Aaron Wong, Tobias Serr-Li and Philip Tang.
For more information, please contact:
Staffan Dahlström, CEO HMS Networks AB, +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS Networks AB, +46 (0)35 710 6983