HOMAG Group acquires remaining shares in Kallesoe Machinery A/S

05/06/2025

HOMAG Group acquires remaining shares in Kallesoe Machinery A/S

Schopfloch, May 6, 2025 – The HOMAG Group acquired the remaining 29.4 percent of the shares in Kallesoe Machinery A/S at the end of April 2025. HOMAG had already acquired 70.6 percent of the Danish system developer of solutions for the engineered wood industry in 2021. Kallesoe specializes in high-frequency presses for the production of board plywood – also known as cross laminated timber – which is used, among other things, for the construction of walls for timber houses.

HOMAG Group AG has acquired the remaining 29.4 percent from the Kallesøe family, which is still represented in the management of Kallesoe Machinery A/S. CEO Kristian Kallesøe emphasizes: “HOMAG is a very reliable partner for us, with whom we can continue to expand our market position in the future.”

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of around 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

Disclaimer
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.