With the closing, thyssenkrupp has completed the sale of the Mining Technologies business unit to the Danish company FLSmidth. In doing so, thyssenkrupp has once again renewed the focus of its portfolio. Completion of this transaction has also improved the Group’s net financial position and thus further strengthened thyssenkrupp’s balance sheet. The sale was announced in July 2021.
“FLSmidth is one of the world’s leading suppliers of technology to the mining and cement industries. We are convinced that thyssenkrupp Mining Technologies has attractive future prospects and development opportunities within the new ownership structure.”, Dr. Volkmar Dinstuhl, CEO of the Multi Tracks segment.
In the past ten months, thyssenkrupp’s Multi Tracks segment has already successfully completed the sale of the Infrastructure business and the AST stainless steel mill. By completing the sale of Mining Technologies, the Group has thus achieved what is already the third closing in the current business year.
thyssenkrupp Mining Technologies offers tailored mining solutions and employs around 2,200 people at over 40 locations worldwide. The merger with FLSmidth will create a strong company with a global presence and a leading role in the mining business.
