FLSmidth to acquire part of Sandvik Mining Systems
Image credit: FLSmidth
FLSmidth has reached an agreement to acquire a part of Sandvik Mining Systems, subject to certain conditions, including regulatory authority clearance, and closing is expected by the end of 2017.
The agreement covers Sandvik Mining Systems’ continuous surface mining and minerals handling technologies, as well as related intellectual property, including drawings and reference lists. It also covers the transfer of employees with strong experience, competences and customer insights, which will strengthen the Group's core minerals business.
The pending acquisition will enable FLSmidth to improve productivity for its customers by closing a gap and cover a wider range of the full mining value chain ‘pit to plant’ – 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.
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 company will provide project management and aftermarket services to Sandvik on the majority of ongoing projects to be delivered during 2017 to 2019.