Spectris Group Holdings Ltd. has agreed to sell industrial automation provider Red Lion Controls Inc. to HMS Networks AB for $345 million. The transaction, announced Dec. 11, is expected to close during the first half of 2024. Halmstad, Sweden-based HMS Networks was advised by Mannheimer Swartling Advokatbyra AB and a Cravath, Swaine & Moore team led by partners Keith Hallam and Noah Phillips. Counsel information for Spectris Group was not immediately available.
Business Services
December 12, 2023, 9:35 AM