FLSmidth enters into agreement to acquire Darimec S.r.L.
(Thomson Reuters ONE) -
PRESS RELEASE
FLSmidth has signed a share purchase agreement to acquire 100% shareholding in
Darimec S.r.L., an Italian company that designs and manufactures girth gears,
pinions and custom made reducers mainly for the cement and minerals industries.
Darimec is a highly specialised gear manufacturer and has sold more than 1100
girth gears worldwide. Its product range includes kiln and mill girth gears,
pinions of all kinds, special reducers, kiln rollers and tyres, overhaul,
rebuilding and re-engineering of existing gearboxes, and services for the cement
and minerals industries.
The share purchase agreement and the subsequent acquisition of Darimec S.r.L.
complements and supports the business of FLSmidth MAAG Gear, the FLSmidth
product company which is successfully expanding globally in the cement and
minerals industries. Being part of the worldwide FLSmidth Group with its strong
position in the cement and minerals industries, will enable FLSmidth MAAG Gear
and Darimec S.r.L to considerably grow their activities in the global markets.
"We are continuing to develop our core product base for the cement and minerals
industries. The acquisition of Darimec S.r.L. will complement the flow sheet and
expand the footprint of FLSmidth MAAG Gear, enabling us to supply in-house
manufactured drive solutions for the cement and minerals industries. This
agreement also supports our increased focus on services and spare parts,
enabling us to supply replacement drive solutions worldwide," Group CEO Jørgen
Huno Rasmussen comments.
Darimec S.r.L was founded by the Italian entrepreneur Mario Dagnoni in 1961
under the name "Dagnoni Riduttori Meccanici" from which its present name
"Darimec" derives.
Darimec has a manufacturing facility in Segrate, Italy close to Milan, and
employs 34 highly skilled people.
-------------------------------------
Please address any questions regarding this announcement to Group Executive VP
Bjarne Moltke Hansen, 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 file:
http://hugin.info/2106/R/1534888/467915.pdf
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originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1534888]
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2011 - 15:13 Uhr
Sprache: Deutsch
News-ID 56847
Anzahl Zeichen: 3106
contact information:
Town:
Valby
Kategorie:
Business News
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