# HOMAG Group acquires remaining 75% of HOMAG China Golden Field

HOMAG Group agreed to acquire the remaining 75% of shares in HOMAG China Golden Field (HCGF), forming a unified organization with 750 employees in China. The merger is expected to be effective in autumn 2020, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2020-05-05
- Where: China, China
- Status: announced
- Products: woodworking machinery and solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dürr](https://endata.com/companies/3409.md) (partner)
- [Homag Group](https://endata.com/companies/17189.md) (acquirer)
- [HOMAG China Golden Field](https://endata.com/companies/46996.md) (target)
- [Golden Field International Holdings Ltd.](https://endata.com/companies/47016.md) (target)
- [HOMAG Machinery Shanghai Co. Ltd.](https://endata.com/companies/47017.md) (target)

## Sources

- [homag-group.com](http://www.homag-group.com/en/company/news/news/article/homag-strengthens-leading-position-in-china), 2020-05-05: "HOMAG Group acquires remaining 75% of shares."
- [homag.com](https://www.homag.com/en/company/news/news/article/homag-strengthens-leading-position-in-china), 2020-05-05: "HOMAG Group acquires remaining 75% of shares."
- [durr-group.com](https://www.durr-group.com/en/media/news/news-detail/view/homag-group-strengthens-its-position-in-china-78878), 2020-05-05: "By this acquisition, our impact on the strategically important Chinese market will increase."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.