24.01.2014
Homag Group AG DE0005297204
DGAP-News: HOMAG Group bundles its automation activities
DGAP-News: Homag Group AG / Key word(s): Merger
HOMAG Group bundles its automation activities
24.01.2014 / 07:01
---------------------------------------------------------------------
HOMAG Group bundles its automation activities
- Subsidiaries BARGSTEDT and LIGMATECH are merged into HOMAG Automation
- Growth areas of handling, assembly, packaging and robotics are
strengthened
- Locations, jobs and brands remain intact
Schopfloch, January 24, 2014. The HOMAG Group, the world's leading
manufacturer of plant and machinery for the woodworking industry and for
cabinet makers sees growing demand for automation from its customers around
the globe. This opens up great growth opportunities in the fields of
handling, assembly and packaging. To cater for this growth worldwide, the
HOMAG Group will merge its two subsidiaries BARGSTEDT Handlingsysteme GmbH,
Hemmoor, and LIGMATECH Automationssysteme GmbH, Lichtenberg, into HOMAG
Automation GmbH. This will create additional capacity for the systematic
growth and global expansion of activities in the fields of handling,
packaging and assembly.
Both locations and the well-established brand names will remain intact. CEO
of HOMAG Group AG, Dr. Markus Flik, emphasized that there would be no
redundancies for operational reasons. 'With this merger, we want to free up
additional resources so that we can grow worldwide with both brands in the
corresponding core business areas. On the back of the planned growth, we
want to create new jobs at both locations in the coming years.'
The merger is intended to avoid duplicate development work, as the product
ranges of BARGSTEDT and LIGMATECH currently overlap in the area of
automation. The development capacity that will be freed up at both
locations as a result of the move will be systematically deployed to
achieve the growth planned in the fields of handling, packaging and
assembly as well as the expanding project business. This is intended to
secure and expand the market leadership in the area of automation projects.
Harald Becker-Ehmck, the board member in charge of production at HOMAG
Group AG, sees additional advantages to the merger: 'It will result in a
larger unit that not only offers growth opportunities but also potential to
raise efficiency. By combining the sales teams, for instance, we will be
able to further intensify our customer service and provide on-site support
more frequently in the future. Further synergies will arise in procurement,
in production and the areas of research and development.'
The aim is to implement the project in stages up to the end of 2014.
- - - - - - - - - -
Background information
With its 15 specialized production companies, 21 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,000 employees worldwide, the Company sees itself as the
leading global manufacturer of plant and machinery for the woodworking and
wood materials processing industry and cabinet makers active in the
production of furniture and construction elements as well as timber frame
houses. The Group also offers its customers a wide range of services,
including software and consulting services. HOMAG Group AG shares have been
listed on the Prime Standard of the Frankfurt stock exchange since July 13,
2007.
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 announcement,
it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Kai Knitter
Head of Investor Relations & Corporate Communications
Phone: +49 7443 13-2461
[email protected]
www.homag-group.com
End of Corporate News
---------------------------------------------------------------------
24.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Germany
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: [email protected]
Internet: www.homag-group.com
ISIN: DE0005297204
WKN: 529720
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
248160 24.01.2014
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Homag Group AG ISIN: DE0005297204 können Sie bei EQS abrufen
Maschinen-/Anlagenbau , 529720 , HG1 , FWB:HG1