FLSmidth acquires Darimec

FLSmidth has entered into a share purchase agreement to acquire 100% shareholding in Darimec SrL, an Italian company that designs and manufactures girth gears, pinions and custom-made reducers, mainly for the cement and minerals industries.

Darimec has sold more than 1,100 girth gears worldwide. Its product range includes kiln and mill girth gears, pinions of all kinds, special reducers, kiln rollers and tyres, overhaul, rebuilding and re-engineering of existing gearboxes, and services for the cement and minerals industries.
The agreement and subsequent acquisition of Darimec complements and supports the business of FLSmidth MAAG Gear. Being part of the worldwide FLSmidth Group will enable FLSmidth MAAG Gear and Darimec to increase their activity in global markets.

Jørgen Huno Rasmussen, group CEO at FLSmidth, said: "We are continuing to develop our core product base for the cement and minerals industries. The acquisition of Darimec will complement the flow sheet and expand the footprint of FLSmidth MAAG Gear, enabling us to supply in-house manufactured drive solutions for the cement and minerals industries. This agreement also supports our increased focus on services and spare parts, enabling us to supply replacement drive solutions worldwide."

Darimec has a manufacturing facility in Segrate, Italy and employs 34 skilled people.