Dürr Technologies GmbH made a bid to acquire remaining 46.3% stake in HOMAG Group AG (DB:HG1) for approximately €190 million in cash on July 15, 2014. Dürr Technologies will pay €26.35 per share. In a related transaction, Dürr Technologies GmbH signed an agreement to acquire 53.7% stake in HOMAG from Schuler family, Deutsche Beteiligungs AG (DB:DBAN), Erich and Hanna Klessmann Stiftung, DBAG Fund V, DBAG Fund IV and two further shareholders for approximately €220 million. Dürr will finance the acquisition with its own funds.

HOMAG Group AG is to continue operating as an independent division under the HOMAG brand within the Dürr Group. A squeeze-out or delisting of the HOMAG stock is not intended. The term of acceptance will end earliest at September 22, 2014 and latest at November 3, 2014. The closing of the share purchase agreements is subject to merger control clearance by the relevant competition authorities. The takeover bid is subject to certain conditions, in particular the approval by the relevant antitrust authorities. HOMAG is expected to contribute positively to Dürr's earnings after financing costs.

Daniela Favoccia, Klaus-Dieter Stephan, Christian Hoefs, Alf-Henrik Bischke, Heiko Gotsche, Johannes Baumann, Andreas Lischka, Anne Broll, Christin Posdziech, Anja Balitzki and Jan-Henning Wyen of Hengeler Mueller acted as legal advisors to Dürr Technologies GmbH. Deutsche Bank AG acted as financial advisor to Dürr Technologies GmbH. Freitag & Co acted as financial advisor for Homag. Macquarie Capital Germany acted as financial advisor for Dürr.

Dürr Technologies GmbH completed the acquisition of 2.1% stake in HOMAG Group AG (DB:HG1) for approximately €8.7 million in cash on October 7, 2014.