FLSmidth to acquire thyssenkrupp’s mining business
FLSmidth A/S and thyssenkrupp AG have reached an agreement whereby FLSmidth would acquire thyssenkrupp’s Mining business. The deal is currently undergoing regulatory approvals in multiple jurisdictions, with an expected completion the second half of 2022.
With the acquisition, FLSmidth would strengthen its position as a leading supplier for its customers in the global mining industry. The combined full-line coverage of FLSmidth and thyssenkrupp’s Mining business includes a strengthening of our pit-to-plant range of technology, equipment and service expertise, as well as best-in-class digital solutions, covering continuous mining, mineral processing, mining systems and material handling.
The acquisition will also increase the installed base and customer base, increasing FLSmidth competencies to serve our customers across multiple technologies. This will allow for more robust customer approach in service and aftermarket, as well as for the creation of strong strategic opportunities and boosting resource and investment in R&D, digital and innovation. This will result in a shorter time to market for new innovations and technologies.
FLSmidth also thyssenkrupp Mining share a common belief in bringing sustainable technology to the market in order to increase customer productivity and profitability. FLSmidth sees the thyssenkrupp Mining offering as an ideal fit with FLSmidth’s MissionZero sustainability ambition and with its digitalisation agenda.
Overall, FLSmidth sees the mining industry as heading into a growth phase, and this acquisition will place FLSmidth in an even better position to meet customer needs.
