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Press Release

Dürr completes HOMAG integration: change in the Board of Management and the Supervisory Board of HOMAG Group AG

Bietigheim-Bissingen, June 15, 2015 - The Supervisory Board of HOMAG Group AG has appointed Pekka Paasivaara (53) as CEO of HOMAG Group AG with immediate effect. Together with the other Management Board members, Pekka Paasivaara will drive the reorientation of the HOMAG Group. Ralph Heuwing, who also serves as CFO at Dürr AG, will remain Co-CEO of HOMAG Group AG during a transitional period until September 15, 2015, and is then to take over as Chairman of HOMAG's Supervisory Board, replacing Ralf W. Dieter, CEO at Dürr AG. Ralf W. Dieter will remain a member of HOMAG's Supervisory Board.

Ralf W. Dieter: "We are convinced that Pekka Paasivaara will successfully continue the reorientation of HOMAG Group AG initiated by Ralph Heuwing. Pekka Paasivaara has a wealth of experience in automation technology and plant engineering. The change in the Board of Management comes at the right time, especially because Ralph Heuwing's dual role at Dürr and HOMAG was only sustainable for a limited period of time."

Ralph Heuwing: "The integration of the HOMAG Group and the Dürr Group has now been completed. The company is making good headway. The forthcoming changes require the greatest attention from those at the top of the company. I would like to continue to be personally involved in the development of HOMAG as active Chairman of the Supervisory Board."

About Pekka Paasivaara

Important stages of Pekka Paasivaara's career include ABB Flexible Automation, Rexroth Indramat, Bosch Rexroth, Lenze and, most recently, Germanischer Lloyd and its successor company DNV GL Group. Pekka Paasivaara studied economics in Finland and the United States and holds an MBA from IMD in Lausanne. He has been living in Germany for 20 years, is married and has one child.

The Dürr Group is one of the world's leading mechanical and plant engineering firms. Products, systems and services offered by Dürr enable highly efficient manufacturing processes in different industries. Business with automobile manufacturers and their suppliers accounts for approximately 65% of Dürr's sales. Other market segments include, for example, the mechanical engineering, chemical and pharmaceutical industries and – since the takeover of HOMAG Group AG in October 2014 – the woodworking industry. Dürr has 92 business locations in 28 countries. With 14,200 employees, the Group plans to generate sales revenues of € 3.4 - 3.5 billion in 2015. The Dürr Group operates in the market with five divisions:

  • Paint and Final Assembly Systems: paint shops and final assembly systems for the automotive industry
  • Application Technology: robot technologies for the automatic application of paint as well as sealants and adhesives
  • Measuring and Process Systems: balancing and cleaning systems as well as testing and filling technology
  • Clean Technology Systems: exhaust-air purification systems and energy-efficiency technology
  • Woodworking Machinery and Systems: machinery and systems for the woodworking industry