FLSmidth says it has completed all regulatory clearances and other conditions required for its acquisition of thyssenkrupp's Mining business (TK Mining), with the transaction due to close on 31 August 2022.
TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services. The combination of FLSmidth and TK Mining will create a leading global mining technology and service provider with operations from pit-to-plant with a strong focus on productivity and sustainability.
FLSmidth Group CEO Mikko Keto said: “Today’s announcement marks a significant milestone in the history of FLSmidth. We are very excited to soon welcome our 2,000 new colleagues and TK Mining’s customers to FLSmidth. The completion of the acquisition contributes to FLSmidth’s strategic growth ambitions within Mining. Our combined company will offer customers a stronger, complementary value proposition while creating significant aftermarket opportunities, driving value creation through compelling synergies and further strengthening our sustainability and digitalisation agenda. “
Further impact of the transaction, including updated financial guidance for 2022, will be communicated no later than in connection with the release of FLSmidth’s financial results for the first nine months of 2022 on 8 November 2022.
