Dürr AG, via its wholly-owned subsidiary Dürr Technologies GmbH, has reached agreement with several major shareholders of HOMAG Group AG (HOMAG) to acquire a total of 53.7% of HOMAG shares.
Dürr Technologies AG (FRA: DUE) has initiated overtures to acquire all of Homag Group (FRA: HG!), the world’s largest manufacturer of industrial woodworking machinery and parent company of Stiles Machinery Inc. of Grand Rapids, MI.