FLSmidth said it has acquired all shares of Farnell-Thompson Applied Technologies, Inc., a Canadian mill engineering, supply and services provider. The company said its offerings will be integrated into FLSmidth’s core mining business.
Farnell-Thompson is a global supplier of engineering services, parts and mills to the mining industry. The company already has a long-standing business relationship with FLSmidth. The majority of Farnell-Thompson’s revenue and earnings are generated through the supply of mill engineering services, sale of new mills as well as of spare parts and other services to the company’s customer base, which consists of approximately 70 mills worldwide.
“This acquisition is fully aligned with our Mining CORE’26 strategy, which includes targeting service growth through strategic investments and prioritization,” said Mikko Keto, Group CEO of FLSmidth. “By fully joining forces, we will further strengthen our market-leading position within milling and grinding.”
Prior to the acquisition Farnell-Thompson had been a consulting partner providing these services to FLSmidth for many years. Consequently, a seamless integration of the new business and staff is anticipated.
