Owasys is a wireless communication company designing and manufacturing products for utility vehicles and industrial machines.
Its portfolio includes owa4x, an IoT gateway for processing and transmission of data from wired and wireless sensors, devices and peripherals to the cloud, and owa450, an IoT platform for controlling and monitoring of data from vehicles and industrial machines at the Edge.
“Owasys allows HMS to enter the vertical of mobile machines and utility vehicles which is an interesting part of our strategically important ‘Information Centric’ playing field. With Owasys, we strengthen our position for remote access and data solutions beyond our current sweet spot in factory automation.” said Staffan Dahlström, CEO, HMS Networks.
“Owasys has an impressive technology and customer base for a company of their size and HMS will provide a good platform for future development”.
Javier Gurtubay, CEO, Owasys, added it was excited to continue to develop its market with HMS.
“We see good opportunities for technology collaborations and HMS’ international presence will be of great use for Owasys in our continued expansion,” said Gurtubay.
The 60% share in Owasys was acquired by HMS from the existing management team which remains in ownership of 40% of the shares and will continue to manage the business.
Owasys is expected to have Net Sales of €5.5m and EBIT of 1.4m in 2021.
