Despite a significant drop in net sales, HMS Networks AB (HMNKF) maintains strong cash flow and cost efficiency, aiming for long-term growth through strategic acquisitions.
HMS Industrial Networks GmbH, a wholly owned subsidiary of the HMS Networks AB (publ) group, has today completed the divestment of all shares in Red Lion Europe GmbH, located in Dinkelsbühl, Germany. On October 1, 2024, HMS announced that an agreement had been signed to divest Red Lion Europe GmbH for a cash consideration of EUR 5 million. HMS has today completed the divestment with effective date October 1, 2024. Business operations are continued by the company's long-standing managers. For mor