Homag closes acquisition of System TM

The Homag Group recently acquired the remaining 20 per cent of System TM’s shares. The group – which had already acquired 80 per cent of the Danish engineering and production company in 2020 – thus completes the acquisition.

SYSTEM TM
System TM offers machines and services for solid wood processing. The resulting elements can be used, among other things, in the construction of wooden houses. “With our solutions for timber construction, we have created a second business segment in recent years in addition to systems for furniture production“, explained Daniel Schmitt, CEO of Homag. “We continue to see great growth potential in this sector, particularly in timber house construction, and are continuously strengthening our activities. The complete acquisition of our successful subsidiary System TM is a logical step in this direction“.
As already planned at the time of the acquisition in 2020, the management of System TM will continue to run the company.