Press-releases

HMS Group announces today that it has signed a contract worth Rub 1,578 mn (c. US$ 49 mn).

HMS Group today announces that Standard & Poor’s Ratings Services lowered the long-term corporate rating of the company from “BB-“ to “B+” with “Negative” outlook, following its acquisitions of the largest compressor producer in Russia, Kazankompessormash (KKM), and a German centrifugal pump producer, Apollo Goessnitz GmbH (Apollo).

HMS Group announces today that it has entered into agreement to acquire 75% of Apollo Goessnitz GmbH.

Moscow, Russia – July 12, 2012 – HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that it has completed an acquisition of KazanKompressorMash (“KKM”), located in Kazan (Tatarstan, Russia), one of the leading manufacturer of centrifugal and screw compressors in Russia. The deal has been approved by the Federal Antimonopoly Service.

HMS Group today announces that Standard & Poor’s Ratings Services confirmed the long-term corporate rating of the company at “BB-“ with “Stable” outlook.