DGAP-Adhoc: HOMAG Group AG acquires US distribution and service partner

| Source: EQS Group AG EQS Group AG 

Homag Group AG  / Key word(s): Acquisition

03.02.2014 13:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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HOMAG Group AG acquires US distribution and service partner

Shareholding in Stiles Machinery Inc. increased from 26.7 to 100 percent of
voting capital

Schopfloch, February 3, 2014. HOMAG Group AG, has by agreement dated today
with effect as of February 3, 2014, increased its share in the voting
capital of the US distribution and service company Stiles Machinery Inc.
from 26.7 to 100 percent. HOMAG Group AG has held shares in Stiles since
1992. The shares were sold by Peter Kleinschmidt who has headed up the
company for 39 years and is now retiring from active business. The purchase
price in US-Dollar is in the low double-digit million range.

With a 35 percent share of the relevant market, Stiles is the leading
distribution and service organization for machines and production lines for
the US woodworking industry. With more than 290 employees, Stiles generated
annual sales revenue of about USD 158 million in 2013, up 22 percent on
2012.


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Information and Explaination of the Issuer to this News:

Disclaimer
This 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.

03.02.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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:       info@homag-group.com
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 Announcement                             DGAP News-Service
 
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