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HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB, has acquired all shares in the German company Beck IPC GmbH – a leading provider in the embedded communications market with solutions for embedded control, M2M communication and the Industrial Internet of Things, IIoT. The base technology IPC@CHIP® is the core of Beck IPC’s product offering for industrial OEMs. Beck’s portfolio also includes the comprehensive com.tom® edge gateway series with the associated cloud portal, targeting IIoT applications within factory and process automation.
The purchase price amounts to EUR 5 million on a cash-free/debt-free basis and is paid in cash. Depending on Beck IPC GmbH reaching certain defined financial targets, an additional EUR 2 million may become payable in 2020. Beck IPC GmbH is expected to have net sales of EUR 6-7 million in 2018. The acquisition will have a limited impact on HMS’s earnings per share in 2018.