The BEUMER Group acquired FAM Magdeburg, a supplier of large conveying systems and loading technology. The transaction is expected to be completed at the end of May.
FAM is one of the world’s leading full-range suppliers of bulk materials handling and processing plants and the acquisition will strengthen Beumer’s position as a supplier of large material handling systems, the company said.
With more than 4,500 employees over 70 countries, the BEUMER Group is focusing on conveying technology in mining and minerals. For decades, BEUMER Group has also been consistently established in the bulk materials technology market. FAM’s leading technology for transporting and processing minerals fits well with the portfolio of BEUMER Group.
Dr. Christoph Beumer managing partner and CEO of the BEUMER Group, confirmed that this takeover underpins the company’s long-term orientation in the segment of extraction, processing and handling of raw materials. The company motto, according to Dr. Beumer is long-term success and not short-term profit.
Beumer said it has done its homework in recent years and now they consistently invest in a qualitative expansion of its portfolio.