First publishedon www.AggBusiness.com
FLSmidth says that its previously announced acquisition of the Sandvik Mining Systems projects business 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,” says Manfred Schaffer, Group Executive Vice President, Minerals Division.
“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.”
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, in-pit crushing and minerals handling technologies and related intellectual property, including reference lists, drawings and data for installed base.
It also includes the transfer of over 200 employees with strong experience, competences and customer insights.
FLSmidth says it will 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.