Homag acquires System TM

The Homag Group has intensified its activities in the new market segment of construction elements solutions by acquiring 80% of the shares of the Danish engineering and manufacturing company System TM A/S, a leading supplier of optimization and systems solutions for the timber processing industry.

In addition to the company’s focus on the furniture sector, a new business segment is being created within the Group. The new segment, construction elements solutions, will combine timber production and processing technology along with the existing activities.

Earlier this year, Homag has already increased its stake in Weinmann to 100%.

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