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Press Release

Gerhard Schuler passed away: mourning the co-founder of the HOMAG Group

Bietigheim-Bissingen, February 26, 2020 – Gerhard Schuler, co-founder of the HOMAG Group, passed away on February 23 at the age of 92. Not only was Gerhard Schuler a key figure for the subsidiary of the Dürr Group; he was also an outstanding entrepreneurial personality, a visionary engineer and an excellent expert of the lumber and wood industry.

Together with Eugen Hornberger, in 1960 Gerhard Schuler founded the company Hornberger Maschinenbaugesellschaft oHG, the precursor of today’s HOMAG Group. With immense dedication and strategic vision, they laid the foundations for the success of the company, which made it to leading position in the world market. Since the company’s inception, Gerhard Schuler shaped the HOMAG Group as Managing Director, a member of its Board of Management and as regular and honorary Chairman of the Supervisory Board until 2015.

In addition to his love of wood, Gerhard Schuler was also highly interested in topics such as corporate governance in a spirit of mutual trust and partnership as well as the development of modern vocational and advanced training programs – a clear indication that his employees always played a very important role for him. Gerhard Schuler was also highly committed beyond the boundaries of his own company; this is reflected in numerous distinctions and awards including the Order of Merit of the Federal Republic of Germany, with both ribbon and first class, as well as many medals, awarded for civic, voluntary or community service. He also possessed titles such as Honorary Senator of the Technical College of Rosenheim in Bavaria and Professor of the Nanjing Forestry University China.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitization/Industry 4.0. Its products, systems and services enable highly efficient manufacturing processes in different industries. The Dürr Group supplies sectors like the automotive industry, mechanical engineering, chemical, pharmaceutical and woodworking industries. It generated sales of € 3.87 billion in 2018. The company has around 16,500 employees and 112 business locations in 34 countries. The Group operates in the market with the brands Dürr, Schenck and HOMAG and with five divisions:

  • Paint and Final Assembly Systems: paint shops as well as final assembly, testing and filling technology for the automotive
  • Application Technology: robot technologies for the automated application of paint, sealants and adhesives
  • Clean Technology Systems: air pollution control, noise abatement systems and battery coating lines
  • Measuring and Process Systems: balancing equipment and diagnostic technology
  • Woodworking Machinery and Systems: machinery and equipment for the woodworking industry

This publication has been prepared independently by Dürr AG/Dürr group (“Dürr”). It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in Dürr's disclosures, in particular in the chapter “Risks” in Dürr's annual report. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of Dürr may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.

Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards). Dürr's net assets, financial position and results of operations should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology. Further information regarding the alternative financial metrics used at Dürr can be found in our → financial glossary.