The Homag Group acquired the remaining 20 percent of the shares in System TM at the beginning of April 2024. Homag had already acquired 80 percent of the Danish engineering and manufacturing company in 2020. System TM offers machines and services for solid wood processing. The resulting elements can be used in timber house construction, among other things.

“In recent years, we have built up a second business segment alongside furniture production systems with our solutions for timber construction,” explains Dr. Daniel Schmitt, CEO of Homag Group AG. “We continue to see great growth potential in this area – and in timber house construction in particular – and are continuously strengthening our activities. The complete takeover of our successful subsidiary System TM is a logical step in this direction.”

As already planned at the time of the purchase in 2020, Homag Group AG has acquired the missing 20 percent from the management of System TM, which continues to run the company. CEO Jan J. Samuelsen emphasizes: “We described Homag as an ideal partner when we took over in 2020. This is still true, as the products for timber construction complement each other very well, making us one of the world’s leading system suppliers of production technology for the solid wood sector.”