The previously announced acquisition of the Sandvik Mining Systems projects business by FLSmidth has now concluded except for the transfer of assets in South Africa, which is awaiting merger control clearance. The acquisition includes continuous surface mining and minerals handling technologies and competences that strengthen the group’s core minerals business.
“With this acquisition, we will be able to increase the productivity of the complete ‘pit to plant’ operation by better integrating upstream mining with downstream processing,” said Manfred Schaffer, group executive vice president, Minerals Division. “The acquisition also allows us to digitalize the full value chain and enables a better utilization of existing leading technologies by obtaining direct access to all key processes and equipment.”
The acquisition includes the part of Sandvik Mining Systems that is closest to the mine — all products for continuous surface mining, in-pit crushing and minerals handling technologies and related intellectual property, including reference lists, drawings and data for installed base. It does not include Sandvik’s conveyor component and Finland-based businesses. More than 200 employees with strong experience, competences and customer insights will transfer to FLSmidth.
FLSmidth will provide project management services to Sandvik on the majority of ongoing projects to be delivered during 2017–2019 and parts and services for the installed equipment.
The closing of the South African portion of the transaction is expected to occur in early 2018.
