FLSmidth to acquire German TEUTRINE GmbH Industrie Technik

FLSmidth to acquire German TEUTRINE GmbH Industrie Technik

ID: 179692

(Thomson Reuters ONE) -


PRESS RELEASE

FLSmidth has today acquired the privately-owned company TEUTRINE GmbH Industrie-
Technik (TEUTRINE), a German company specialised in mobile solutions for
repairs, refurbishments and installation services. The parties have agreed not
to disclose the value of the transaction.

TEUTRINE has 40 years of experience of worldwide site management services,
assembly and repair tasks within the cement and minerals industries.

The company predominantly carries out maintenance and repair services at site
where they offer mobile solutions within repair (welding), refurbishment
(machining, grinding, hard facing and overhauling), replacement (parts
replacement, alignment, lifting) and upgrades (equipment replacement, alignment,
lifting). TEUTRINE's key markets are today found within Europe and the Middle
East.

"The acquisition of TEUTRINE is a significant addition to our service concept in
relation to repair and refurbishment services as well as replacement and upgrade
services for all the major equipment on a cement plant - creating even closer
relations between FLSmidth and our customers," Group CEO Jørgen Huno Rasmussen
says.

The company will be integrated in FLSmidth as part of the Plant Operation &
Equipment Services within the Customer Services division.

TEUTRINE was founded in 1973 by Antonius and Annemarie Teutrine. In 2009 the
ownership was transferred to Gabriele Teutrine, CEO and successor to the
founders. Today, the company has 45 employees.

                  ------------------------------------


Please address any questions regarding this announcement to Group Chief
Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit www.flsmidth.com.


Yours faithfully





Pernille Friis Andersen
Corporate Communications & Investor Relations

Link to PDF version:
http://hugin.info/2106/R/1638343/527057.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: FLSmidth via Thomson Reuters ONE
[HUG#1638343]




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Bereitgestellt von Benutzer: hugin
Datum: 03.09.2012 - 15:02 Uhr
Sprache: Deutsch
News-ID 179692
Anzahl Zeichen: 2742

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