FLSmidth has finalised the previously announced acquisition of the Sandvik Mining Systems projects business. According to the minerals and cement industry supplier, the acquisition includes continuous surface mining and minerals handling technologies and competencies that strengthen the company's core minerals business.
By combining the mining systems projects business into its services, FLSmidth 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.
"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," said Manfred Schaffer, Group Executive Vice President, Minerals Division.
As part of the transfer, FLSmidth is to 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.