FLSmidth Plans to Acquire Part of Sandvik Mining Systems

July 12, 2017

1 Min Read
FLSmidth Plans to Acquire Part of Sandvik Mining Systems

Provider of services and systems for the minerals and cement industries FLSmidth plans to acquire a part of Sandvik Mining Systems, a maker of material handling systems for mining applications, Copenhagen, the Denmark-based purchaser announced via press release Wednesday.

The acquisition “enables FLSmidth to improve productivity for its customers by closing a gap and cover a wide range of the full mining value chain – from the primary crushing point in the mining pit and the transport from the mine to plant all the way through the minerals processing plant to the tailings handling,” the company’s release said. “By obtaining direct access to all key processes and equipment, the acquisition will allow FLSmidth to digitalize the full value chain and enables better utilization of existing leading technologies.”

FLSmidth’s acquisition includes Sandvik’s products for continuous surface mining and minerals handling technologies, as well as related intellectual property. Some Sandvik employees will be transferred to FLSmidth under the arrangement, the release said.

Subject to regulatory approval and other closing measures, the Danish company expects the transaction to close by the end of this year.

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