FLSmidth to acquire part of Sandvik Mining Systems
(Thomson Reuters ONE) -
PRESS RELEASE, Copenhagen, Denmark
FLSmidth has reached an agreement to acquire a part of Sandvik Mining Systems.
This includes continuous surface mining and minerals handling technologies and
competences that will strengthen the Group's core minerals business.
The pending acquisition enables FLSmidth to improve productivity for its
customers by closing a gap and cover a wider range of the full mining value
chain - from the primary crushing point in the mining pit and the transport from
mine to plant all the way through the minerals processing plant to the tailings
handling - "Pit to Plant". By obtaining direct access to all key processes and
equipment, the acquisition will allow FLSmidth to digitalise the full value
chain and enables a better utilisation of existing leading technologies.
Facts about the pending acquisition
* The part of Sandvik Mining Systems that is closest to the mine. This
includes all products for continuous surface mining and minerals handling
technologies and related intellectual property, including drawings and
reference lists.
* The transfer of employees with strong experience, competences and customer
insights.
* FLSmidth to provide project management and aftermarket services to Sandvik
on the majority of ongoing projects to be delivered during 2017 - 2019.
The agreement is subject to certain conditions, including regulatory authority
clearance, and closing is expected by the end of 2017.
Contact Media Relations
Michael Duricko, +1 484 274-0963, michael.duricko(at)flsmidth.com
Contact Investor Relations
Nicolai Mauritzen, +45 30 93 18 51, nicm(at)flsmidth.com
FLSmidth is the market-leading supplier of productivity to the global mining and
cement industries. Headquartered in Copenhagen, Denmark, and with offices in
more than 50 countries, FLSmidth delivers engineering, equipment and service
solutions to customers worldwide. Productivity, sustainability, and quality are
focus areas for FLSmidth and its 12,000 employees. The company generated revenue
of DKK 18 billion in 2016. Read more on www.flsmidth.com.
Read in PDF:
http://hugin.info/2106/R/2119877/807435.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.07.2017 - 09:59 Uhr
Sprache: Deutsch
News-ID 551987
Anzahl Zeichen: 2831
contact information:
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"FLSmidth to acquire part of Sandvik Mining Systems"
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