Homag Group acquires 70% stake in Danish Kallesoe Machinery

Homag Group further expands its activities in the solid wood sector with the acquisition of a majority interest in the Danish mechanical engineering company Kallesoe Machinery A/S. Homag is acquiring a good 70% of the shares in Kallesoe Machinery A/S from the Christensen family, with the residual approximately 30% remaining with the Kallesoe family. The purchase price is in the low double-digit million-Euro range.

Kallesoe specializes in high-frequency presses for the production of board plywood – also known as cross laminated timber – which is used, among other things, for the construction of walls for timber houses. The company was founded in 1969, generates a turnover of around Euro 20 million with around 70 employees. Kallesoe is one of the few suppliers of high-frequency presses.

“As a system supplier, we want to offer as many technologies for timber construction as possible from a single source,” said Ralf W. Dieter, CEO of Homag Group AG. “Due to the boom in the timber house market, the production of building elements is becoming increasingly industrialized and automated. Homag is the right partner for that. We are developing the solid wood business into a second pillar alongside our activities with the furniture industry.”

As a result of the acquisition, the Homag product range covers a good 70% of the process chain in the production of glued laminated timber elements. Homag has pooled all activities in the solid wood sector in the Solid Wood Processing business unit.

A central role is played by its subsidiary Weinmann, which offers production facilities for timber construction, such as framework and wall stations. A further addition is the mechanical engineering company System TM, which was acquired in the previous year, is also based in Denmark and offers systems for the sorting, optimizing and finger-jointing of solid wood boards. Kallesoe has already cooperated with System TM on several projects in the past.