PRESS RELEASE: Most of the acquisition was concluded in November 2017, but the transfer of assets in South Africa required merger control clearance.
The acquisition, originally announced in July 2017, includes continuous surface mining and minerals handling technologies and competences that strengthen the company's core minerals business.
By integrating the mining systems projects business into its offerings, FLSmidth said that it 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.
Manfred Schaffer, group executive vice president, minerals division at FLSmidth, said: “With the completion of the South African assets we have added references, local expertise and improved ability to deliver complete solutions to our Sub-Saharan customers. We welcome our new colleagues and customers to FLSmidth.”
As part of the transfer, FLSmidth will either assume existing orders or provide project management services on behalf of Sandvik on selected ongoing projects and supply parts and services for the installed equipment.