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HMS Networks AB (publ) (“HMS”), a global provider of industrial information and communication technology, today announces a re-organization into a structure with three divisions to gear up for continued growth.
Rationale for the organization change
Since 2017, HMS has been operating with a matrix organization with business units responsible for product development and market units responsible for sales and marketing of all products. Following the organic growth over the last years and the recent acquisitions of Red Lion Controls and PEAK-System, HMS re-structures to better serve the different customer groups and group the product offerings to leverage technology synergies.
The three divisions
The result is three divisions, all with clear target customer groups where each division has full Profit & Loss responsibility and a homogeneous offer.
Industrial Data Solutions (IDS): Solutions to connect, secure, diagnose and visualize data in industrial applications. The main brands will include Red Lion®, Ewon® and N-tron® focusing on machine builders, system integrators and end-users within Industrial Automation. The division will be led by Alexander Hess, who currently holds the position as SVP Information Centric at HMS.
Industrial Network Technologies (INT): Technology for communication, control and security in industrial devices. The main brand will be Anybus® focusing on device makers within Industrial Automation. The division will be led by Bartek S. Candell, who currently holds the position as SVP Control Centric at HMS.
New Industries (NI): Industrial communication for niche applications in growing industries outside the Industrial Automation markets. Building Automation and Vehicle Communication will be under New Industries. Main brands will be Intesis®, Ixxat®, PEAK-System® and Owasys®. The managers in New Industries will report to CEO Staffan Dahlström.
The new organization will be in place from January 1st, 2025. This also means that HMS will start with segment reporting as of the first quarter 2025.
“Our matrix organization has served us well the last seven years and has been a key driver for our growth. With the recent acquisitions of Red Lion Controls and PEAK-System we have become a larger organization with a much broader product offering within Industrial ICT. We are making this organization change to create an even better customer focus and utilize cross-selling possibilities where our customers’ demand is similar. With this structure, we are also creating full accountability for the business with our division managers” says Staffan Dahlström, CEO of HMS Networks.