HMS Networks AB’s Acquisition of Red Lion Controls
December 12, 2023
On December 11, 2023, HMS Networks AB (“HMS”), a global provider of industrial information and communication technology, announced it has entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a U.S.-based provider of industrial automation solutions, through the acquisition of 100 percent of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH as well as certain assets in other jurisdictions, for a cash consideration of $345 million. Cravath is representing HMS as special U.S. counsel in connection with the transaction.
The Cravath team includes associate Edward O. Minturn on M&A matters and partner Noah Joshua Phillips and of counsel Jesse M. Weiss on antitrust matters. Habib-Emmanuel Abraham also worked on antitrust matters.
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J.D., 2005, Stanford Law SchoolWinner, 2005 Marion Rice Kirkwood Moot Court
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