HMS Networks acquires PEAK-System Technik
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Posted to News on 8th Oct 2024, 11:00

HMS Networks acquires PEAK-System Technik

HMS Networks has entered into a binding agreement with DOGAWIST-Investment to acquire 100% of the shares in PEAK-System Technik, a well-established German provider of industrial communication solutions and experts within automotive communication technologies such as CAN and LIN.

HMS Networks acquires PEAK-System Technik

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The acquisition will strengthen HMS' position within communication solutions for advanced engineering tools, testing and control within automotive, medical and transportation.

HMS sees several synergies between HMS' Business Unit Ixxat and PEAK-System as there are a lot of common expertise within automotive communication technologies such as CAN, CAN FD, LIN, Flexray and Automotive Ethernet, but aimed at different applications and target groups. Hence there is very good opportunities for cross-selling, both when it comes to product development and utilising the sales channels of both companies.

The acquisition will strengthen HMS' global presence within automotive communication, especially in the German market.

"PEAK-System's extensive product portfolio and expertise expand our existing product offering in communication solutions for advanced engineering tools, testing and control in applications within automotive, medical and transportation," says Staffan Dahlstrom, CEO of HMS Networks.

"We also see excellent cross-selling opportunities, both geographically and technically. Our Ixxat brand and PEAK-System already offer unique sets of software and hardware tools and together, they will provide our customers with more options to solve their communications challenges. This is an exciting step for HMS and our Ixxat brand and the entire HMS team are happy to welcome our new colleagues at PEAK-System to HMS."


HMS Industrial Networks Ltd

The Venture Centre, Sir William Lyons Road
Warwick University Science Park
CV4 7EZ
UNITED KINGDOM

+44 (0)1926 405599

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