FLSmidth acquires Farnell-Thompson

FLSmidth has acquired 100% of the shares in the Canadian mill engineering, supply and services provider Farnell-Thompson Applied Technologies.

The company said 4 March that the newly added company’s offerings will be integrated into FLSmidth’s core mining business.

The acquisition is effective immediately.

“The company already has a long-standing business relationship with FLSmidth,” the global supplier said. “The majority of Farnell-Thompson’s 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’s customer base, which consists of approximately 70 mills worldwide.”

Prior to the acquisition Farnell-Thompson has been a consulting partner providing these services to FLSmidth for many years. Consequently, a seamless integration of the new business and staff is anticipated.

“This acquisition is fully aligned with our Mining CORE’26 strategy, which includes targeting service growth through strategic investments and prioritization,” said group CEO Mikko Keto.

“We have for long enjoyed the skills and competences of the company as a dedicated business partner. By fully joining forces, we will further strengthen our market-leading position within milling and grinding.”

The terms of this transaction have not been disclosed. The transaction does not impact financial guidance for 2024, FLSmidth officials said.


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