FL Smidth is to buy part of Sandvik Mining Systems that includes continuous surface mining and minerals handling technologies.
The pending acquisition enables FL Smidth to improve productivity for its customers by closing a gap and cover a wider range 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 tailings handling - "Pit to Plant", the compoany says.
"By obtaining direct access to all key processes and equipment, the acquisition will allow FL Smidth to digitalise the full value chain and enables a better utilisation of existing leading technologies."
As part of the planned acquisition employees with strong experience, competences and customer insights will transfer to FL Smidth that will also provide project management and aftermarket services to Sandvik on the majority of ongoing 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.
