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HMS Networks AB ( (SE:HMS) ) has provided an update.
HMS Networks AB has announced the acquisition of the Industrial Communications Business from Molex, a strategic move to enhance its Industrial Network Technology division. This acquisition, valued at USD 7 million, aims to strengthen HMS’s software and hardware offerings, expand its customer base in North America, and is expected to generate annual revenues above USD 10 million, contributing positively to the company’s EBITA.
The most recent analyst rating on (SE:HMS) stock is a Hold with a SEK531.00 price target. To see the full list of analyst forecasts on HMS Networks AB stock, see the SE:HMS Stock Forecast page.
More about HMS Networks AB
HMS Networks AB is a leading provider of solutions in Industrial Information and Communication Technology (Industrial ICT), employing over 1,100 people and operating through more than 20 sales offices globally. The company is listed on the NASDAQ OMX in Stockholm under the Large Cap segment in the Telecommunications sector, with reported sales of SEK 3,059 million in 2024.
YTD Price Performance: 13.23%
Average Trading Volume: 45,953
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK24.64B
For an in-depth examination of HMS stock, go to TipRanks’ Overview page.