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October 16, 2020

Homag to create a new business segment

The Homag  Group intensifies its activities in the new market segment Construction Elements Solutions by acquiring 80% of the shares of the Danish engineering and manufacturing company System TM A/S.  System TM is a leading supplier of optimization and systems solutions for the timber processing industry. In 2019, the company generated an annual turnover of approx. 30 million euros with approximately 130 employees.  In addition to Homag’s focus on the furniture sector, a new business segment is being created within the Homag Group. The new segment, Construction Elements Solutions, will combine timber production and ...

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