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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: HOMAG Group AG acquires US distribution and service partner
| Source: EQS Group AG