Press Release

Dürr increasing share in HOMAG to 63.9%

Bietigheim-Bissingen, May 4, 2018 – Dürr AG has increased its share in HOMAG Group AG by 8% and now holds 63.9% of the capital of the global market leader for woodworking machinery. Dürr has acquired the additional shares from the Schuler-Klessmann shareholder group. Most of the 8% share package was acquired by exercising a call option for 7.05% of HOMAG Group’s share capital.

  • Further share of 8% acquired for € 34.8 million
  • HOMAG an important pillar of the Dürr Group

The call option had been agreed in 2014 between Dürr and the Schuler-Klessmann shareholder group. The purchase price of the 1,255,040 HOMAG shares stands at € 34.8 million, equivalent to an average of € 27.73 per share.

Dürr had acquired 55.9% of the shares in HOMAG Group AG for € 228.1 million in October 2014. Following the sale of the 8% package, the Schuler-Klessmann shareholder group still holds 14.1% of HOMAG’s capital. A pooling agreement is in force between Dürr and the shareholder group, providing for both parties to exercise their voting rights jointly at HOMAG’s annual general meeting to ensure a three-quarters majority where necessary.

Ralf W. Dieter, CEO of Dürr AG: “HOMAG made a significant contribution to earnings in 2017 and is continuing to grow substantially, constituting a major pillar within the Dürr Group.”

Since 2014, the HOMAG Group’s EBIT has risen by an average of 37% per year. In the record year of 2017, the HOMAG Group’s order intake increased by 17% to € 1.36 billion. This year, it is targeting new orders of up to € 1.5 billion. HOMAG’s operating EBIT rose to € 94.4 million in 2017 on sales of € 1.22 billion.


The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitization/Industry 4.0. Products, systems and services offered by the Group enable highly efficient manufacturing processes in different industries. Dürr supplies sectors like the automotive industry, the mechanical engineering, chemical and pharmaceutical industries, and the woodworking industry. The company has 92 business locations in 31 countries. The Group generated sales of € 3.72 billion in 2017. Dürr has around 15,000 employees and 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 technology for the automated application of paint, sealants and adhesives
  • Measuring and Process Systems: Balancing and cleaning equipment as well as assembly, testing and filling technology
  • Clean Technology Systems: Exhaust-air purification systems and energy efficiency technology
  • Woodworking Machinery and Systems: Machinery and equipment for the wood-processing industry