{"id":8003,"date":"2021-07-30T14:52:38","date_gmt":"2021-07-30T04:52:38","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=8003"},"modified":"2021-07-30T14:52:41","modified_gmt":"2021-07-30T04:52:41","slug":"flsmidth-splashes-out-for-thyssenkrupp-mining-business","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2021\/07\/30\/flsmidth-splashes-out-for-thyssenkrupp-mining-business\/","title":{"rendered":"FLSmidth splashes out for thyssenkrupp mining business"},"content":{"rendered":"\n

<\/h1>\n\n\n\n
\"FLSmidth\"\/<\/figure>\n\n\n\n

FLSmidth has agreed to purchase thyssenkrupp\u2019s Mining Technologies business (TK Mining) for \u20ac325 million ($522.28 million) to create a pit-to-plant technology solution<\/strong> with a sustainable focus.<\/p>\n\n\n\n

The deal was highly amenable as both companies had complementary interests in transforming their businesses.<\/p>\n\n\n\n

FLSmidth is a Danish company<\/strong> which serves over 60 countries with engineering, equipment and service solutions for minerals, metals, concrete, electronics and more.<\/p>\n\n\n\n

FLSmidth chief executive officer Thomas Schulz said the addition of TK Mining\u2019s prowess in mining systems, materials handling and processing would complement his business.<\/p>\n\n\n\n

\u201cTK Mining and FLSmidth are a perfect match<\/strong> and I am proud to announce this agreement to join forces,\u201d Schulz said.<\/p>\n\n\n\n

\u201cThis 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\u2019s largest and strongest suppliers to the mining industry.\u201d<\/p>\n\n\n\n

The deal will welcome 3400 TK Mining employees to FLSmidth, once regulatory requirements are completed within the next 12 months.<\/p>\n\n\n\n

As a multinational group of industrial and technology businesses, thyssenkrupp saw the deal not as a loss, but a shedding<\/strong>, to allow it to strengthen other business areas, according to the company\u2019s chief executive officer Martina Merz.<\/p>\n\n\n\n

\u201cThe successful sale of the mining business shows that we are pressing ahead at full speed with the transformation of thyssenkrupp and achieving important results step by step,\u201d Merz said.<\/p>\n\n\n\n

\u201cBut we have not yet reached our goal. The principle \u2018performance first\u2019 continues to apply. We need to return to positive cash flow as quickly as possible. The sale of Mining Technologies makes an important contribution to this,\u201d<\/p>\n\n\n\n

Merz added how FLSmidth was the perfect partner, with similar ideals and goals for TK Mining.<\/p>\n\n\n\n

\u201cAt the same time, I am pleased that we have found a very good new owner in FLSmidth. FLSmidth presented a convincing business strategy and a clear vision for the mining business,\u201d she said.<\/p>\n\n\n\n

\u201cIt will give our employees attractive prospects. That was extremely important to us when negotiating the sale.<\/p>\n\n\n\n

\u201cThe merged new company will be able to drive innovation and digitalisation even faster and will increasingly focus on sustainability and ways to reduce environmental footprint.\u201d<\/p>\n\n\n\n

FLSmidth saw the deal as an opportunity to advance its MissionZero targets, which look to eliminate company carbon emissions by 2030.<\/p>\n\n\n\n

\u201cTK Mining\u2019s extensive active installed base, together with FLSmidth\u2019s strong existing service setup, will provide additional aftermarket opportunities, while the joint R&D (research and development) capabilities and combined portfolio will enable accelerated innovation in digitalisation and MissionZero solutions,\u201d FLSmidth stated.<\/p>\n\n\n\n

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FLSmidth has agreed to purchase thyssenkrupp\u2019s Mining Technologies business (TK Mining) for \u20ac325 million ($522.28 million) to create a pit-to-plant technology solution with a sustainable focus. The deal was highly amenable as both companies had complementary interests in transforming their businesses. FLSmidth is a Danish company which serves over 60 countries with engineering, equipment and … Continue reading “FLSmidth splashes out for thyssenkrupp mining business”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7],"tags":[],"class_list":["post-8003","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-255","jetpack-related-posts":[{"id":8990,"url":"https:\/\/yinghuiinternational.com\/index.php\/2025\/06\/20\/8990\/","url_meta":{"origin":8003,"position":0},"title":"FLSmidth signs agreement to sell its Cement business","author":"yinghui","date":"June 20, 2025","format":false,"excerpt":"by\u00a0Guy Woodford FLSmidth has agreed to sell its Cement business to an affiliate of Pacific Avenue Capital Partners. Image\/FLSmidth Share on FacebookShare on Twitter FLSmidth has agreed to sell its Cement business to an affiliate of Pacific Avenue Capital Partners, a global private equity firm specialising in carve-outs and other\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/news\/"},"img":{"alt_text":"FLSmidth has agreed to sell its Cement business to an affiliate of Pacific Avenue Capital Partners. 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The acquisition includes continuous surface mining and minerals handling technologies and competences that strengthen the company\u2019s core minerals business. By integrating the mining systems projects business\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1780,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/10\/03\/flsmidth-and-chinas-northern-heavy-industries-sign-joint-venture-agreement\/","url_meta":{"origin":8003,"position":2},"title":"FLSmidth and China\u2019s Northern Heavy Industries sign joint venture agreement","author":"yinghui","date":"October 3, 2016","format":false,"excerpt":"FLSmidth and Northern Heavy Industries Group Co Ltd (NHI Group), based in Shenyang, China, have signed an agreement to enter into a joint venture \u2013 with an equal amount of shares \u2013 for the design and supply of mining equipment targeting the mid-market segment. The joint venture will be established\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"20131209091943_36419","src":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/09\/20131209091943_36419.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/09\/20131209091943_36419.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/09\/20131209091943_36419.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":8418,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/04\/koch-solutions-take-flsmidth\/","url_meta":{"origin":8003,"position":3},"title":"KOCH Solutions take FLSmidth","author":"yinghui","date":"September 4, 2023","format":false,"excerpt":"\u6da6\u90a6\u80a1\u4efd\u65d7\u4e0bKOCH 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