FLSmidth announced that all conditions and requirements for the acquisition of thyssenkrupp’s mining business (TK Mining) have been met. All regulatory clearances have been obtained without the imposition of any competition-related remedies. In accordance with the sale and purchase agreement, final closing of the transaction will take place on August 31, 2022.

“Today’s announcement marks a significant milestone in the history of FLSmidth,” said FLSmidth Group CEO Mikko Keto. “We are very excited to soon welcome our ~2,000 new colleagues and TK Mining’s customers to FLSmidth. The completion of the acquisition contributes to FLSmidth’s strategic growth ambitions within the mining sector. Our combined company will offer customers a stronger, complementary value proposition, while creating significant aftermarket opportunities, driving value creation through compelling synergies and further strengthening our sustainability and digitalization agenda.”

TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services. The combination of FLSmidth and TK Mining will create a leading global mining technology and service provider with operations from pit-to-plant with a strong focus on productivity and sustainability.