Sweden: FLSmidth has signed an agreement to acquire a part of Sandvik Mining Systems. This includes continuous surface mining and minerals handling technologies and competences that are intended to strengthen the group's core minerals business. The acquisition will increase FLSmidth’s coverage of the full mining value chain, from the primary crushing point in the mining pit and the transport from mine to plant all the way through the minerals processing plant to the handling of tailings.
FLSmidth will provide project management and aftermarket services to Sandvik on the majority of on-going projects to be delivered during 2017 - 2019. The agreement is subject to certain conditions, including regulatory authority clearance, and closing is expected by the end of 2017.