FLSmidth completed the acquisition of the mining business of thyssenkrupp for €325m.

FLSmidth, a Danish multinational engineering company, completed the acquisition of the mining business of thyssenkrupp, a German multinational conglomerate, for €325m ($384m). “FLSmidth is an excellent owner and a very good new home for our mining activities. The companies have a strong cultural fit and are a good match: the business models are comparable; the technologies complement each other well. The result is a world-leading technology provider from pit to plant. This is also a great opportunity for our employees. The 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,” Martina Merz, thyssenkrupp Group CEO.