FLSmidth acquires ThyssenKrupp's mining division
What happened
ThyssenKrupp divested its mining division to FLSmidth on October 7, 2026. This sale occurred as part of a major corporate restructuring by ThyssenKrupp. FLSmidth had previously transitioned into a mining company and later sold its cement engineering division to private equity. ThyssenKrupp's remaining cement business launched ThyssenKrupp Calvion in May 2026 to specialize in sustainable process technologies.
From globalcement.com
Why it matters
The acquisition allows FLSmidth to expand its scope and solidify its position in the mining sector. Meanwhile, ThyssenKrupp is restructuring its remaining operations, including the launch of ThyssenKrupp Polysius Solutions, which aims to provide single-machine solutions, modernizations, and field services.
From globalcement.com
Who's involved
- FLSmidthAcquired the mining division from ThyssenKrupp.
- Toni LaaksonenServes as the CEO of FLSmidth.
- LiseServes as Chief People Officer for FLSmidth.
- board of directorsServes as the governing body for FLSmidth.
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The entities involved
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FLSmidth
company
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