FLSmidth has announced that all conditions and requirements for the acquisition of thyssenkrupp’s Mining business (TK Mining) have been met. In accordance with the sale and purchase agreement, final closing of the transaction took place on 31 August 2022.
TK Mining is a full-line supplier of solutions for mining systems, material handling, mineral processing and services. The combination of FLSmidth and TK Mining will create a leading global mining technology and service provider with operations from pit-to-plant with a strong focus on productivity and sustainability.
FLSmidth’s Group CEO Mike Keto comments, ”This acquisition marks a significant milestone in our history. We welcome 2 000 new colleagues and TK Mining’s customers. The completion of this acquisition contributes to FLSmidth’s strategic growth ambitions within mining. Our combined company will offer customers a stronger, complementary value proposition, while creating significant aftermarket opportunities, driving value creation through compelling synergies and further strengthening our sustainability and digitalisation agenda.”