HMS Networks moves to acquire Robot S.A. in €21 million deal
HMS Networks has launched a cash tender offer to acquire all shares of Spanish building automation firm Robot S.A., with support from a majority of existing shareholders.
HMS Networks has announced a friendly takeover bid for Robot S.A., a Spanish provider of sensors and building management systems. The deal values the company at €21 million, offering shareholders €6.25 per share. Shareholders representing 77.69% of the company have already committed to the deal.
Robot S.A. operates primarily in the hospitality sector, focusing on energy management and climate control within buildings. The company, which employs approximately 65 people, generated €9 million in revenue in 2025 with an EBITDA margin of 27%. Following the acquisition, HMS intends to delist Robot from the BME Growth market.
According to HMS, the acquisition is intended to expand its current building automation offerings. By utilizing its global sales infrastructure, the company plans to introduce Robot's technologies into the APAC and Middle Eastern markets. The transaction is expected to close around December 1, 2026.