HMS Networks AB Acquires a Majority of Procentec B.V.

HMS Industrial Networks AB has acquired 70 percent of shares in the Dutch company Procentec B.V.  Headquartered in Rotterdam, Procentec is a provider of solutions and services for diagnostics and monitoring of industrial networks.

Procentec’s offering ensures reliable network infrastructure for industrial networks, such as PROFIBUS, PROFINET, EtherNet/IP and other industrial Ethernet standards.  The portfolio includes key products ProfiTrace, ProfiHub, ComBricks, Atlas, and Osiris, which help field technicians perform network monitoring, analysis and troubleshooting in an easy way - on site in factories as well as remotely, preventing undesired manufacturing downtime.

The 70 percent share in Procentec was acquired by HMS from the founders, who are no longer active in the company.  The remaining 30 percent is owned by the existing management team, who will keep their management positions and continue running the Procentec business.

With about 70 employees and subsidiaries in Germany, Italy, and UK, the Procentec Group had consolidated sales of EUR 11.7 million in 2019.  The acquisition will have a limited impact on HMS’ earnings per share going forward.