HMS acquires non-module short range wireless products from u-blox

Halmstad, Sweden and Thalwil Switzerland, Oct. 1, 2014 - Swedish HMS Networks AB has acquired the wireless gateway products from Swiss-based u-blox AG, which includes wireless gateways and access points

u-blox' cellular and short range wireless modules are not affected by this agreement.

"u-blox' primary focus is on chips and modules for embedded applications. The wireless gateway products that were part of the former connectBlue acquisition are therefore outside of our strategic focus. We are delighted that HMS has taken over these products to serve the existing customer base, and look forward to our continued partnership as strategic supplier of Bluetooth and Wi-Fi modules to HMS." says Herbert Blaser, Vice President Short Range Products at u-blox.

"We are excited to add u-blox' gateway product line to our solutions for industrial communication gateways under our brand "Anybus". We see wireless gateways as a technology that is gaining more and more importance in industrial applications. We are looking forward to maintaining and further developing our business around wireless gateways serving this expanding market." says Staffan Dahlström, CEO of HMS. 

For more information please contact:

CEO HMS Networks AB Staffan Dahlström, telephone: [phone] [e-mail]
CFO HMS Networks AB Gunnar Högberg, telephone: [phone] [e-mail]

This information is such that HMS Networks AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publication at 17.45 CET on October 1, 2014.

HMS Networks AB (publ) is a world-leading supplier of communication technology for industrial automation. Sales amounted to SEK 501 million in 2013. Over 90% of these sales were to customers located outside Sweden. All development and the major portion of manufacturing are carried out at the head office in Halmstad and in Weingarten. Sales offices are located in Japan, China, Germany, Denmark, India, UK, USA, Italy and France. HMS has 350 employees and produces network interface cards and products to interconnect different networks under the trademark Anybus® and IXXAT® and products for Remote Management under the trademark Netbiter®. HMS is listed on NASDAQ-OMX Nordic Exchange in Stockholm in the category Small Cap, Information Technology.

Swiss-based u-blox (SIX:UBXN) is a leading provider of wireless and positioning semiconductors and modules for the automotive, industrial and consumer markets. Our solutions enable people, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of chips, modules and software solutions, u-blox is uniquely positioned to allow OEMs to develop innovative solutions that enable mobility quickly and cost-effectively. With headquarters in Thalwil, Switzerland, u-blox is globally present with offices in Europe, Asia and the USA.

Press release PDF

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Source: HMS Networks AB via Globenewswire

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