HMS Networks AB has entered into a binding agreement with DOGAWIST-Investment GmbH to acquire 100% of the shares in PEAK-System Technik GmbH ("PEAK-System"). PEAK-System is a well-established German provider of industrial communication solutions and an expert in automotive communication technologies such as CAN and LIN.
The acquisition will strengthen HMS' position in communication solutions for advanced engineering tools, test and control in the automotive, medical and transportation industries. HMS sees a number of synergies between the Ixxat business unit of HMS and PEAK-System. There is a lot of common expertise in automotive communication technologies such as CAN, CAN FD, LIN, Flexray and Automotive Ethernet, but with different applications and target groups.
The acquisition will strengthen HMS' global presence in 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. 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,” says Staffan Dahlström, CEO of HMS Networks.
PEAK-System at a glance
PEAK-System is a well-established German industrial communication company offering both hardware and software for industrial and automotive communication. Through the development and manufacturing of innovative and scalable products with emphasis on network technologies used in the vehicle industry, the company has been serving customers all over the world since the start in 1999.
PEAK-System’s headquarters, with product manufacturing and development, is located in Darmstadt, Germany. There is also a French subsidiary with an office in Maxéville, close to Nancy, France. PEAK-System employs in total about 50 people. The sales are well distributed over the key industrial communication markets with approximately 50% of sales in Europe, 25% in Asia, and 25% in the US.
