|Deal value:||EUR 312 million|
|Process:||Scheme of Arrangement|
FLSmidth is a leading supplier of equipment and services to the global cement and minerals industries employing more than 10,500 people in more than 40 countries world-wide. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction. FLSmidth is listed on the NASDAQ OMX Copenhagen Stock Exchange.
Ludowici is the world's leading provider of coal centrifuges, vibrating screens and complementary wear resistant products and services for the mineral industries. Headquartered in Brisbane, Australia, Ludowici has a strong presence in many major mining countries such as Australia, South Africa, India, China, Chile, Peru and the US. The company employs approximately 1,000 people globally and is listed on the Australian Securities Exchange.
It is FLSmidth's strategy to become a market leader in every major minerals processing segment of which coal, copper and iron ore are three of the prioritised segments. The acquisition of Ludowici will allow FLSmidth to complete its coal processing flow sheet and improve its copper and iron ore offerings with leading technologies and brands.
With some 450 employees and approximately 65% of its turnover in Australia, the acquisition of Ludowici will significantly expand FLSmidth's presence in this important mining region.