Homag Group

HOMAG Group has acquired a majority share of Danish engineering and manufacturing company System TM A/S, a leading global supplier of optimization and solid wood systems. The acquisition follows 15 years of cooperation between System TM and Stiles in North America.

HOMAG GmbH acquired the remaining 24% of shares in WEINMANN Holzbausystemtechnik GmbH, now holding 100% ownership to strengthen its solid wood sector competence.

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.

Forte has awarded Homag Group a major contract for a new furniture plant in Suwalki, Poland, valued at €60 million. The project is expected to be completed in 2021.

Homag won a contract worth over EUR 30 million from Chinese furniture maker Oppein for 307 stand-alone machines, including panel-dividing, edge-banding, and CNC machines.

Homag Group won a major contract from Chinese furniture maker Oppein, ordering 307 stand-alone machines valued at over €30 million.