By closing the deal, the German company thyssenkrupp completed the sale of the Mining Technologies business unit to the Danish company FLSmidth. The closing of the transaction, as indicated by the company itself, improved the group's net financial position, thereby further strengthening thyssenkrupp's balance sheet. The sale was announced in July 2021.
"With the sale of the mining business, we further enhance our portfolio and make a significant contribution to transforming thyssenkrupp into an efficient group of companies with a strong, independent and specialized business," commented Dr. Volkmar Dinstuhl, CEO of the thyssenkrupp Multi Tracks segment.
Thyssenkrupp's Multi Tracks segment has already successfully completed the sale of its infrastructure business and AST stainless steel plant over the past ten months. Thus, the completion of the sale of Mining Technologies is the third closing in the current financial year.
“thyssenkrupp Mining Technologies offers tailor-made solutions for the mining industry and employs approximately 2,200 people at more than 40 locations worldwide. The merger with FLSmidth creates a strong global company that will play a leading role in the mining business,” summed up the press service of thyssenkrupp.