thyssenkrupp sells Mining business to FLSmidth

t‌hyssenkrupp announced the sale of its Mining Technologies business unit to the Danish company FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The transaction is subject to competition authority approval. The closing of the transaction is expected within the next 12 months. The business unit Mining Technologies currently employs some 3400 people and generated sales of around € 0.8 bn. in fiscal year 2019/2020.

 

The tie-up with FLSmidth, a listed company from Denmark and one of the world’s leading suppliers of technologies for the mining and cement industries, will create a strong player with a global presence and leading solutions along the entire mining business value chain. A particular focus is on green technologies that can significantly reduce resource consumption and emissions in the mining industry. FLSmidth also has great expertise in taking over companies and has proven highly successful in integrating these companies


www.thyssenkrupp.com

x

Related articles:

FLSmidth strengthens its market-leading mill offerings

FLSmidth has acquired 100 % of the shares in the Canadian mill engineering, supply and services provider, Farnell-Thompson Applied Technologies Inc. (Farnell-Thompson). Its offerings will be...

more

FLSmidth appoints new President, Mining Industry

Effective early July 2020, Mikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire...

more
Issue 05/2016

Marius Kloppers back in the mining industry

Marius Kloppers (Fig. 2), former CEO of BHP Billiton has been appointed as a new member of the Board of FLSmidth. The election and appointment came as part of FLSmidth’s Annual General Meeting held...

more
Issue 05/2022

FLSmidth order for Josemaria copper mine in Argentina

FLSmidth has been chosen to supply the SAG mills, ball mills and cyclones to Josemaria Resources’ copper-gold project in the San Juan Province of Argentina. FLSmidth will deliver the three gearless...

more

FLSmidth to expand mill liner capacity through acquisition of Morse Rubber

FLSmidth has, per 1 June 2023, acquired the American company Morse Rubber. Based in Iowa/USA, Morse Rubber manufactures and markets specialised, heavy-duty rubber products for mineral processing,...

more