Molex, a global electronics leader and connectivity innovator, has entered into a binding agreement to sell its Industrial Communications business to HMS Networks’ Industrial Network Division’s (INT).
The agreement scope includes interface card and software solutions portfolios along with the hardware and software development teams in Waterloo, Canada and Le Thuit Anger, France.
“Molex is delighted to transition our industrial communications business to HMS, a true market leader in the category,” said Dave Atkinson, Vice President and General Manager of Molex Industrial Solutions. “We are confident that our talented team members will bring highly complementary engineering expertise and innovation capabilities to support our collective customers.”
More details are provided in the announcement from HMS Networks linked here.
