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Companies in the timber industry / Daily News / Woodworking machinery / Europe / Global
October 14, 2014

HOMAG bought by Dürr AG for €228 million

Dürr has completed the majority acquisition of HOMAG Group AG, which had been announced on July 15, 2014. Dürr Technologies GmbH, a wholly owned subsidiary of Dürr AG, now holds 55.9% of HOMAG’s capital. A sum of € 228.1 million was paid for the acquisition. HOMAG is being fully consolidated within the Dürr Group from October 1, 2014.    Dürr acquired 53.7% of HOMAG’s capital from various principal shareholders of the company, including Deutsche Beteiligungs AG, which relinquished its entire package of shares in HOMAG (39.5%), as ...

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