Today, FLSmidth announced that it has officially completed its acquisition of thyssenkrupp mining.
“This acquisition means that we’ll become more of a pure-play in mining,” FLSmidth Group CEO Mikko Keto said. “We’re adding key technologies to our portfolio – going forward we’ll be the market leaders in high pressure grinding (HPGR) technology and that is one of the key reasons for the acquisition. We’ll also be improving our service and aftermarket capabilities. Sustainability is high on our agenda and we’re adding capabilities there too particularly around tailings management and in pit crushing and conveying (IPCC). We see a lot of synergies with this acquisition that will support our performance.”
Through the acquisition, FLSmidth will gain 2,000 new employees. Integration is set to begin immediately. There will be a comprehensive review of both company’s product portfolio’s to identify synergies/overlaps. FLSmidth is already marketing an extended product line to take full advantage of interest in sustainable practices such as HPGR and IPCC.
