German Tsoy, Artem Molchanov and Kirill Molchanov founded the original pump trading and servicing company. The Company expanded its operations and client base to become a leading distributor of pumps and pumping equipment in Russia and the CIS.
HMS Group launched a pump skid assembly business in Russia and CIS countries. Hydromashservice became one of the leading enterprises specializing in the delivery of pumping equipment for oil and gas complexes, power and water industry and housing utilities.
HMS Group began to manufacture pumps after the acquisition of Livgidromash (currently — HMS Livgidromash), one of the largest manufacturers of industrial pumps in the CIS.
HMS Group enhanced its oil and gas equipment offerings through the acquisition of Neftemash (currently - HMS Neftemash), one of the largest Russian producers of oil and gas equipment for surface oilfield sites.
HMS Group became a leading manufacturer of high capacity customized pumps through the acquisition of Nasosenergomash (NEM, located in Ukraine), one of the major companies in the nuclear and thermal power generation industries and trunk oil pipelines in the CIS.
HMS Group became a leading manufacturer of submersible borehole pumps for water through the acquisition of Livnynasos, one of the largest producers of submersible electric water pumps in the CIS. The Company also acquired operational control over Tomskgazstroy (TGS), a provider of construction services for oil and gas pipelines. The Company expanded its maintenance and repair business through the acquisition of Nizhnevartovskremservis (NRS).
HMS Group entered the EPC market through the acquisition of Sibkomplektmontazhnaladka (SKMN), a provider of integrated EPC services for the development and construction of oilfield infrastructure. The Company also acquired a minority stake in Dimitrovgradhimmash (DGHM), a manufacturer of pumps and vessel equipment, with an option to purchase a controlling stake in 2012, and increased its R&D capabilities through the acquisition of a 49% stake in VNIIAEN, an R&D centre and the only one of its kind in the CIS which specializes in pumping equipment for the nuclear power generation and oil transportation industries.
HMS Group increased its presence in the water utility, power generation and modular equipment sectors through the acquisitions of Promburvod, the largest producer of electric submersible water pumps in Belarus, and NPO Hydromash, a manufacturer of pumps for the thermal power generation and oil and gas industries that has subsequently been joined to NEM and Rostov Vodokanalproekt (RVKP), a leading project and design facility for the water utility sector.
HMS Group continued to enhance its position in the water utility, power generation and oil and gas sectors through the acquisition of Sibnefteavtomatika (SibNA), a manufacturer of high-precision measuring equipment for the oil and gas, power generation and water utility sectors. The Company participated in the flagship project of the Vankor oilfield development and the Baltic Pipeline System construction project.
HMS Group enhanced its design and R&D capabilities and its position in the EPC market through the acquisition of 51% of the voting shares of Gyprotumenneftegas (GTNG), a leading independent Russian R&D centre focused on the design of the surface infrastructure of oil and gas fields. The Group participated in the ESPO-1 pipeline expansion project and the construction of the ESPO-2 pipeline. The Company commenced a large-scale production of pumps for use in nuclear power generation.
Group went public in February 2011, placing 37.2% of its stock on the London Stock Exchange via GDRs. As a key consolidator in the domestic pumping industry, HMS completed 3 acquisitions (Sibneftemash, Bobruisk Machine Building Plant and exercised the option to acquire its next stake in Dimitrovgradkhimmash (DGHM)), seeking opportunities to increase its presence in existing and adjacent markets.
HMS Group entered the promising new gas projects market with the acquisition of the leading Russian industrial compressor producer Kazancompressormash KKM. Pursuing the enhancement of its pumps product portfolio, the Group completed the acquisition of the German manufacturer of high-end specialized pumps, Apollo Goessnitz GmbH (Apollo), which strengthened its market position in industries with a need for technologically-demanding integrated solutions.
HMS Group made a disposal of SKMN to make the Group’s business model more effective, release resources, involved in the EPC business, and use them for the active development of the core business.
The best year for HMS Group in terms of revenue and EBITDA.