Transaction: Acquisitions
Date: October 2011
Deal value: Not disclosed
Process: Exclusive process
Industry: Manufacturing

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FIH Partners advised FLSmidth & Co. on the acquisition of Knelson, a leading Canadian based supplier of gravity concentration technology for the global mining and minerals processing industries.

FLSmidth is the leading supplier of equipment and services to the global cement and minerals industries. FLSmidth is listed on NASDAQ OMX Nordic Exchange Copenhagen. FLSmidth is a global company with a local presence in more than 40 countries employing about 11,000 people worldwide. FLSmidth is headquartered in Copenhagen, Denmark and is listed on NASDAQ OMX Nordic Exchange Copenhagen.

Knelson is a world leader in the development, design, manufacturing and supply of gravity
concentration technology for the global mining and minerals processing industries. Headquartered in Langley, British Columbia in Canada, Knelson develops, manufactures, and installs equipment for the recovery of precious metals such as gold, platinum and silver, as well as the enhanced gravity separation of base metals and industrial minerals with over 3000 installations in over 70 countries worldwide. The customer base comprises all the major gold, platinum and silver mining companies.

The acquisition of Knelson strengthens FLSmidth's offerings especially in the precious metals
processing segment and supports FLSmidths ability to serve all the customers' needs for process technology, process know-how and complete integrated solutions.