First publishedon www.AggBusiness.com
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 group's core minerals business.
FLSmidth says the pending acquisition enables it 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, Pit to Plant.
By obtaining direct access to all key processes and equipment, the acquisition will allow FLSmidth to digitalise the full value chain and enables a better utilisation of existing leading technologies.
The transactio n includes the transfer of employees with strong experience, competences and customer insights, while FLSmidth will 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.