Red Lion Controls, a Spectris business, has been sold to HMS Networks

Red Lion Controls, Inc. “Red Lion Controls”, a provider of industrial automation solutions to diverse end markets, has been sold to HMS Networks. Based in York, Pennsylvania with a 50+ year history, Red Lion Controls is a world class developer of solutions which enable customers to accelerate digital transformation and optimize operation of industrial assets. The Company’s products are sold to customers in the factory automation, alternative energy, oil and gas, power and utilities, transportation, and water and wastewater segments.

The acquisition spearheads HMS’ efforts to gain a foothold in the North American market and expand its product line. HMS can leverage Red Lion’s well-developed distributor network to drive sales of its gateway and remote access offering in North America, as well as cross-sell the Red Lion product offering to European markets. The acquisition is also expected to have R&D and product development synergies on several parts of both businesses which will be explored in greater depth post-acquisition.

The cash consideration is $345 million on a cash and debt free basis.

EC M&A acted as exclusive financial advisor to Spectris on this transaction.