Solix completed the acquisition of the MAAG gears and drives business of FLSmidth.

Solix, a Swedish investment company, completed the acquisition of the MAAG gears and drives business of FLSmidth, a Danish multinational technology company. Financial terms were not disclosed. "The divestment is fully aligned with our ongoing transformation efforts and supports our GREEN’26 strategy. I would like to extent my gratitude to the dedicated employees in the MAAG business for their unwavering commitment to supplying high-quality solutions and services. I wish all the MAAG employees and Solix the very best going forward," Christopher Ashworth, FLSmidth Cement President.