FLSmidth has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape, a global leader in digital optimisation solutions for the mineral processing industry.
The addition of KnowledgeScape’s advanced solutions to FLSmidth’s digital ENABLRTM portfolio will deliver an expanded range of benefits to customers, from increased automation to improved reliability and enhanced productivity. The KnowledgeScapeTM portfolio has documented capabilities in increasing the total output of a processing plant by 4 – 10%. At the same time, their solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy.
“With this acquisition, FLSmidth reinforces a strong track record of M&A and integration, with special emphasis on the retention of local talent. This acquisition will further solidify FLSmidth as a leading supplier of digital optimisation to the minerals processing industry,” said Mikko Tepponen, CDO at FLSmidth.
Dustin Collins, CEO, KnowledgeScape, commented: “We are excited to join FLSmidth and become a part of its amazing team of mining solutions experts. We are looking forward to providing FLSmidth customers with ever improving optimisation technologies that save costs, time, and drive sustainability.”
Read the article online at: https://www.globalminingreview.com/finance-business/05102020/flsmidth-to-acquire-knowledgescape/
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