FLSmidth finalises acquisition and takes over part of Sandvik Mining Systems
(Thomson Reuters ONE) -
PRESS RELEASE, Copenhagen, Denmark
The previously announced acquisition of the Sandvik Mining Systems projects
business (press release 12 July 2017) is now concluded except for the transfer
of assets in South Africa which is awaiting merger control clearance. The
acquisition includes continuous surface mining and minerals handling
technologies and competences that strengthen the Group's core minerals
business.
By integrating the Mining Systems into FLSmidth's offerings, FLSmidth closes the
gap and covers a wider range of the full mining value chain from the primary
crushing point in the mine and the transport from pit to plant all the way
through the minerals processing plant to the tailings handling.
"With this acquisition we will be able to increase the productivity of the
complete "Pit to Plant" operation by better integrating upstream mining with
downstream processing. The acquisition also allows us to digitalise the full
value chain and enables a better utilisation of existing leading technologies by
obtaining direct access to all key processes and equipment," said Manfred
Schaffer, Group Executive Vice President, Minerals Division.
The acquisition includes
* The part of Sandvik Mining Systems that is closest to the mine, which
excludes Sandvik's conveyor component and Finland based businesses. It
includes all products for continuous surface mining, inpit crushing and
minerals handling technologies and related intellectual property, including
reference lists, drawings and data for installed base.
* The transfer of over 200 employees with strong experience, competences and
customer insights.
* FLSmidth to provide project management services to Sandvik on the majority
of ongoing projects to be delivered during 2017-2019 and parts and services
for the installed equipment.
The closing of the acquisition in South Africa is expected to occur in early
2018.
Contact Media Relations
Sofie Karen Lindberg, +45 30 93 18 77, skl(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/2146676/823137.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: 02.11.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 566364
Anzahl Zeichen: 3361
contact information:
Town:
Valby
Kategorie:
Business News
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"FLSmidth finalises acquisition and takes over part of Sandvik Mining Systems"
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