October 9, 2020
The founder of System TM A/S the family Thøgersen has sold their shares to the HOMAG Group
By Jan Jensen Samuelsen
The company founders and current majority shareholders, Poul and Ingrid Thøgersen, have decided it’s time to exit and retire to bring the majority of the ownership to a new shareholder. Jan Jensen Samuelsen, CEO System TM: “It has been important, that the new shareholder believes in the business philosophy of System TM and support the positive development of the company further on. HOMAG is the ideal partner for System TM, because next to our existing business segments of cross-cutting and finger joining solutions, it will enable us to expand into the area of cross-laminated timber. We see a good growth potential in this business segment. We expect synergies in the technological field as well as in purchasing. The new setup for us is a logical step as we already cooperating with HOMAG in North America very successfully”.
Everybody at System TM very much appreciated working for the family Thøgersen from the beginning until today. The whole team is grateful for the company created over the years by the Thøgersen family, to become a leading global brand of cross cutting and finger jointing solutions- as well as creating a strong company culture and attractive workplace.
System TM will keep up all activities with the existing management team on board, at the location in Odder, Denmark.
We will serve our customers directly from Odder as of today. All existing sales and sales network worldwide will stay unchanged, continuing the growth strategy of System TM.
The HOMAG Group is the world’s leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 6,600 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem “tapio” (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.
System TM was founded in 1977 by Poul Thøgersen and is today a leading global supplier of automated high-end secondary solid wood processing systems. System TM is one of the largest suppliers for this sector in the world. The core competencies include everything from system design, installation, commissioning and training of personnel to service and maintenance. The latest technology, a unique project organization and a strong focus on close cooperation with the customer result in integrated solutions for every concrete need by optimizing processes and wood resources. System TM is headquartered in Odder, Denmark, and includes administration, production and assembly facilities. System TM employs approximately 130 highly qualified employees and has a strong network of partners and suppliers.
If you have any questions, please contact:
System TM A/S
Jan Jensen Samuelsen
Telephone: +45 51566180