HMS Networks Buys 60% of Owasys Advanced Wireless Devices

• (PLX AI) - HMS Networks acquires a majority of Owasys Advanced Wireless Devices.
• • HMS Networks acquired 60% of all shares in Owasys
• • Owasys is a wireless communication company designing and manufacturing products for utility vehicles and industrial machines
• • Owasys is expected to have Net Sales of EUR 5.5 million and EBIT of 1.4 million in 2021