thyssenkrupp sells Mining business to FLSmidth
thyssenkrupp announced the sale of its Mining Technologies business unit to the Danish company FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The transaction is subject to competition authority approval. The closing of the transaction is expected within the next 12 months. The business unit Mining Technologies currently employs some 3400 people and generated sales of around € 0.8 bn. in fiscal year 2019/2020.
The tie-up with FLSmidth, a listed company from Denmark and one of the world’s leading suppliers of technologies for the mining and cement industries, will create a strong player with a global presence and leading solutions along the entire mining business value chain. A particular focus is on green technologies that can significantly reduce resource consumption and emissions in the mining industry. FLSmidth also has great expertise in taking over companies and has proven highly successful in integrating these companies
