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FLSmidth to Buy Thyssenkrupp's Mining Business for $385M


Mining and cement equipment and services supplier FLSmidth announced Thursday that it has entered into an agreement to purchase thyssenkrupp’s mining business, TK Mining, for an enterprise value of €325 million, or about $385 million.
“This is a truly transformational deal allowing us to accelerate our growth ambitions in mining by creating a stronger talent pool and one of the world’s largest and strongest suppliers to the mining industry. Our complementary customer base and improved geographic coverage will offer a strong value proposition to our customers,” said Thomas Schultz, the CEO of FLSmidth, in a statement. “There is significant opportunity in transforming TK Mining towards FLSmidth’s business mix and model in which higher margin service business makes up about 60% of revenue.” ....

Martina Merz , Thomas Schultz , Industrial Solutions , Mining Technologies , மார்டினா மர்ஸ் , தாமஸ் ஶுல்ட்ஸ் , தொழில்துறை தீர்வுகள் , சுரங்க தொழில்நுட்பங்கள் ,

August 2021 - Silicon Chip Online

August 2021 - Silicon Chip Online
siliconchip.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconchip.com.au Daily Mail and Mail on Sunday newspapers.

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August 2021 - Silicon Chip Online

August 2021 - Silicon Chip Online
siliconchip.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconchip.com.au Daily Mail and Mail on Sunday newspapers.

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