Dürr Technologies GmbH signed an agreement to acquire 53.7% stake in HOMAG Group AG (DB:HG1) from Schuler family, Erich and Hanna Klessmann Stiftung, DBAG Fund V and DBAG Fund IV managed by Deutsche Beteiligungs AG (DB:DBAN), and two further shareholders for approximately €220 million on July 15, 2014. In a related transaction, Dürr will submit a voluntary public takeover offer to the HOMAG shareholders pursuant to Sections 29 and 34 of the German Securities Acquisition and Takeover Act acquire all of the shares. A squeeze-out or delisting of the HOMAG stock is not intended. HOMAG Group AG is to continue operating as an independent division under the HOMAG brand within the Dürr Group. The closing of the share purchase agreements is subject to merger control clearance by the relevant competition authorities. HOMAG is expected to contribute positively to Dürr's earnings after financing costs. As of August 27, 2014, in opinion of the Board of Directors, management and supervisory board of HOMAG Group AG, Dürr Technologies GmbH's offer price of €26.35 per common share of HOMAG Group AG is fair and Board gives no recommendation to HOMAG Group AG shareholders to accept or reject the offer.

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. CMS and Arend von Riegen, Christian Decher of Freshfields Bruckhaus Deringer acted as legal advisors for Deutsche Beteiligungs AG, Klessmann Foundation and Schuler family. Freitag & Co. GmbH acted as fairness opinion provider to HOMAG Group AG. Macquarie Capital Germany acted as financial advisor for Dürr. Christoph Schücking and Jochen Schlotter of CMS Hasche Sigle acted as legal advisors to Deutsche Beteiligungs AG. Rolf Scheffels, Tom Alzin and Florian Döring are Deutsche Beteiligungs AG's deal team.

Dürr Technologies GmbH completed the acquisition of 53.7% stake in HOMAG Group AG (DB:HG1) from Schuler family, Erich and Hanna Klessmann Stiftung, DBAG Fund V and DBAG Fund IV managed by Deutsche Beteiligungs AG (DB:DBAN), and two further shareholders for approximately €230 million on October 7, 2014. Markus Flik, present Chairman of the management Board of Homag ill resign from the company at his own request and by mutual consent at the end of November 2014. The supervisory board appointed Dürr Chief Financial Officer Ralph Heuwing as his successor. In the supervisory board, five members were replaced. Ralf Dieter, CHief Executive Officer of the plant engineering company Dürr and Richard Bauer, Chairman of the management board of Dürr Systems GmbH among others, will join the Board.