FLSmidth reached an agreement to acquire a part of Sandvik Mining Systems.
The acquisition includes all products for continuous surface mining and minerals handling technologies, as well as related intellectual property, including drawings and reference lists.
According to FLSmidth, the pending acquisition enables it to improve productivity for its customers by closing a gap and covering a wider range of the full mining value chain.
The agreement is subject to certain conditions, including regulatory authority clearance. The companies anticipate the deal to close by the end of 2017.
