FLSmidth to acquire part of Sandvik Mining Systems
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 FLSmidth's core minerals business, the company said in a press release.
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, what the company is calling "Pit to Plant."
By obtaining direct access to all key processes and equipment, the acquisition will allow FLSmidth to digitalize the full value chain and enables a better utilization 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.