# HOMAG Group acquires remaining 20% stake in System TM

HOMAG Group acquired the remaining 20% of shares in Danish engineering company System TM, which provides machines and services for solid wood processing, completing a full takeover.

- Type: Acquisition
- Announced: 2024-04-19
- Where: Denmark
- Status: completed
- Products: machines and services for solid wood processing
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Homag Group](https://endata.com/companies/17189.md) (acquirer)
- [System TM](https://endata.com/companies/50450.md) (target)

## Sources

- [homag.com](https://www.homag.com/en/company/news/news/article/homag-group-acquires-remaining-shares-in-system-tm), 2024-04-26: "The HOMAG Group acquired the remaining 20 percent of the shares in System TM at the beginning of April 2024."

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