New IMA Schelling Branch in Croatia

CROATIA – IMA Schelling Group, a leading machine and plant manufacturer for wood, plastic, and metal processing industries, has expanded its presence in Southeast Europe with the opening of a new branch in Zagreb, Croatia, on January 1, 2025. This move supports the...

Frederik Meyer Becomes Eumabois President

BELGIUM - Frederik Meyer has been appointed the new president of Eumabois, the European Federation representing woodworking machinery manufacturers. Meyer brings nearly three decades of experience in woodworking technology to his new role. A graduate in Wood...

Homag Shareholder Settlement Confirmed by Court

GERMANY - The Management Board of Homag Group AG has confirmed that the Higher Regional Court of Stuttgart has issued a final ruling regarding the legal dispute over the cash settlement and guaranteed dividend for shareholders. The court has set the cash settlement at...

SCM Acquires 51% Stake in Mecal Machinery

SCM Acquires 51% Stake in Mecal Machinery

ITALY – SCM Group has acquired a 51% stake in Mecal Machinery, a leading manufacturer of machinery and systems for processing aluminium, PVC, and light alloys. This acquisition strengthens SCM Group's portfolio, offering advanced technological solutions for industries...

Homag Group Sales Down 13.8% in 3Q-2024

GERMANY - In the third quarter of 2024, Homag Group reported a 12.2% increase in order intake, reaching EUR 332.7 million, compared to EUR 296.6 million in the same period of 2023. However, sales declined by 13.8%, falling to EUR 349.5 million from EUR 405.5 million...

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