M&A Deal Summary

HMS Acquires Molex s Industrial Communications Business

On November 17, 2025, HMS acquired technology hardware company Molex s Industrial Communications Business from Molex

Acquisition Highlights
  • This is HMS’s 5th transaction in the Technology Hardware sector.
  • This is HMS’s 1st transaction in the United States.
  • This is HMS’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-11-17
Target Molex s Industrial Communications Business
Sector Technology Hardware
Buyer(s) HMS
Sellers(s) Molex
Deal Type Divestiture

Target

Molex s Industrial Communications Business

Lisle, Illinois, United States
Molex's Industrial Communications Business offers reliable and secure network infrastructure in harsh industrial environments that enables dependable transmission of data from the field to the control level, supports multiple fieldbus communication protocols, and enables greater automation through the integration of protocols with devices.

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Buyer(S) 1

Buyer

HMS

Halmstad, Sweden

Category Company
Founded 1988
Sector Technology Hardware
Employees1,100
Revenue 3.1B SEK (2024)
DESCRIPTION

HMS is a provider of communication technology for industrial automation equipment. HMS Networks was founded in 1988 and is based in Halmstad, Sweden.


DEAL STATS #
Overall 5 of 5
Sector: Technology Hardware M&A 5 of 5
Type: Divestiture M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Intesis Software SL

Igualada, Spain

Intesis Software SL is a provider of communication gateway solutions for HVAC (Heating, Ventilation and Air Conditioning) system integration within the fields of building automation.

Buy €13M

Seller(S) 1

SELLER

Molex

Lisle, Illinois, United States

Category Company
Founded 1938
Sector Electrical Equipment
Employees35,983
Revenue 3.6B USD (2013)
DESCRIPTION
Molex's corporate headquarters in Lisle, Illinois.
Molex's corporate headquarters in Lisle, Illinois.

Molex Incorporated is a global manufacturer of electronic, electrical and fiber optic interconnection systems. Molex operates 45 manufacturing locations in 17 countries and employs more than 36,000 people globally.


DEAL STATS #
Overall 3 of 3
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-16 Smiths Interconnect

London, United States

Smiths Interconnect is a technically differentiated electronic components and sub-systems provider of signal, power, and microwave solutions. Smiths Interconnect is based in London, England.

Buy -