FLSmidth has acquired 100% of the shares in Canadian-based Farnell-Thompson Applied Technologies.<\/p>\n\n\n\n
\u201cThe majority of Farnell-Thompson\u2019s revenue and earnings are generated through the supply of mill engineering services, sale of new mills as well as of spare parts and other services to the company\u2019s customer base, which consists of approximately 70 mills worldwide,\u201d FLSmidth said. Prior to the acquisition Farnell-Thompson was a consulting partner providing these services to FLSmidth for many years. Consequently, a seamless integration of the new business and staff is anticipated.<\/p>\n\n\n\n
\n\u201cThis acquisition is fully aligned with our Mining CORE\u201926 strategy, which includes targeting service growth through strategic investments and prioritization,\u201d said FLSmidth group CEO Mikko Keto. \u201cWe have for long enjoyed the skills and competences of [Farnell-Thompson] as a dedicated business partner. By fully joining forces, we will further strengthen our market-leading position within milling and grinding.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The terms of this transaction have not been disclosed. The transaction does not impact financial guidance for 2024, FLSmidth officials said.<\/p>\n","protected":false},"excerpt":{"rendered":"
FLSmidth has acquired 100% of the shares in Canadian-based Farnell-Thompson Applied Technologies. \u201cThe majority of Farnell-Thompson\u2019s revenue and earnings are generated through the supply of mill engineering services, sale of new mills as well as of spare parts and other services to the company\u2019s customer base, which consists of approximately 70 mills worldwide,\u201d FLSmidth said. Prior to the acquisition Farnell-Thompson…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[51],"coauthors":[1644],"class_list":["post-7783","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-flsmidth"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t