Companies in the timber industry / Daily News / Global Trends / Sawmilling / Woodworking machinery / Europe / Global
May 3, 2021

Homag Group acquires 70% stake in Danish Kallesoe Machinery

Homag Group acquires 70% stake in Danish Kallesoe Machinery
With the majority takeover of the Danish machine manufacturer Kallesoe Machinery A / S, the Homag Group is further expanding its solid wood segment.     Kallesoe specializes in high-frequency presses for the production of cross-laminated timber panels. The company, founded in 1969, has around 70 employees and generates sales of around € 20 million and has installed around 500 presses worldwide. Homag takes over 70% of the shares in Kallesoe Machinery A/S from the Christensen family, the remaining 30% remain with the Kallesoe family. The purchase price is in the low double-digit million euro range ...

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