Homag Group AG — M&A Activity 2010

Sep 23, 2010

News Details

Corporate | 23 September 2010 08:24

HOMAG Group AG and imos AG form a new enterprise

Homag Group AG / Key word(s): Miscellaneous

23.09.2010 08:24

HOMAG eSOLUTION: joining forces for more expertise

Schopfloch, 23 September 2010. HOMAG Group AG, Schopfloch and imos AG,
Herford, are to form a new enterprise. HOMAG eSOLUTION will start business
in January 2011 providing software solutions for furniture production -
tailored to HOMAG Group machines and equipment.

The decisive factor in HOMAG Group AG's choice of imos AG as partner for
the new enterprise was the longstanding close cooperation based on mutual
trust with the Herford software specialist. imos is considered by the
industry to be one of the leading IT providers with regard to linking
machine technology to IT systems and implementation of an uninterrupted
data flow within a company. HOMAG's CEO, Rolf Knoll says: 'imos' software
solutions are widely accepted in the furniture industry worldwide, from
America to Asia. This makes imos the ideal partner for HOMAG Group AG.'

As one of the world's leading system suppliers for the woodworking industry
in the areas of furniture and construction elements as well as timber frame
houses, HOMAG sees itself as a pioneer of innovation in the industry. 'We
think in terms of systems - staying ahead of our customers' needs',
explains Achim Gauss, HOMAG's Chief Technical Officer. 'HOMAG eSOLUTION
allows us to expand our expertise as a system supplier even further. In
future we will be even better equipped to provide upstream software systems
for cabinet shops, SMEs and industrial enterprises in addition to machines,
production cells and lines. Our objective is to further increase the
'intelligence' of our machines. This enables our customers to perfectly
meet the changing demands of the market at all times.'

HOMAG eSOLUTION addresses the symbiosis of machine and software from a new,
holistic dimension of a groundbreaking nature within the industry. Active
support is provided to customers in the furniture and interior design
sectors as well as the construction element industry in using
software-based solutions to optimize their business processes. In addition
to classical CAD/CAM products, the focus is on integrated software
solutions for sales and production planning. imos AG provides the core
technology, customized by HOMAG eSOLUTION both for HOMAG products and HOMAG
customers. imos' CEO, Prof. Dr. Frank Prekwinkel says, 'We are pleased to
be able to combine our expertise with that of the leading manufacturer of
machines for furniture production. In other words, we are joining forces
with HOMAG to put the development of pioneering solutions onto a completely
new basis.'

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Background information
With its 16 specialized production companies worldwide, 20 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plants and machinery for the
woodworking and wood materials industry for the production of furniture and
construction elements as well as timber frame houses. The group also offers
its customers a wide range of services in related areas for production
machines and equipment. HOMAG Group AG shares have been trading on the
Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were
listed on the SDAX of the German Stock Exchange on October 2007.

Information:

HOMAG Group AG

Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller@homag-group.com
www.homag-group.com

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Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info@homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart, Hannover

End of Announcement DGAP News-Service

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