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HMS expands, moves into new headquarters

  • March 20, 2008
  • HMS Industrial Networks Inc
  • News

Summary

HMS Industrial Networks continued its strong growth during 2007 and reported net sales of 29.4 M€. To help meet increasing demands on production capabilities and development resources, HMS hired over 20 new qualified employees and production started a second shift. The old headquarters of HMS in Halmstad/Sweden was bursting at the seams so HMS management decided to move the company into a new modern and tailor made facility.In the new 3900 m2 facility all departments are working under one roof which helps to optimize internal communication and speed up the internal workflow. Production is located in a specific area with full ESD and ambient control, allowing fulfillment of highest customer demands on soldering quality. The new automated warehouse speeds up the material handling processes and helps to provide just-in-time delivery to large OEM customers.“We are growing in all key markets, and are especially satisfied with the sales development in the most competitive markets and Germany and China. HMS has now completed a considerable strengthening of its organization including the relocation of the entire headquarter. This gives us the right conditions for continuous growth,” says Nicolas Hassbjer, CEO of HMS. HMS Networks AB is the leading independent supplier of embedded network technology for automation devices. HMS develops and manufactures solutions for interfacing automation devices to industrial networks. Development and manufacturing takes place at the head office in Halmstad, Sweden. Local sales and support is provided by the HMS branch offices in Chicago, Beijing, Karlsruhe, Milan, Mulhouse and Tokyo. HMS employs 155 people and reported sales of €29.4 million in 2007. HMS was formed in 1988 and has had an average organic growth of 30% per year over the last 10 years. HMS is listed on OMX Nordic Exchange in Stockholm in the category Small Cap, Information Technology with ISIN SE0002136242. Learn More

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