# REEL to acquire Möller from FLSmidth

France-based REEL has agreed to acquire handling and lifting systems specialist Möller (FLSmidth Hamburg GmbH) from Denmark-based FLSmidth. The company employs 60 people and has reported sales of EUR 400 million per year.

- Type: Acquisition
- Announced: 2021-07-01
- Where: France
- Jobs: 60
- Status: announced
- Products: handling and lifting systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (partner)
- [REEL](https://endata.com/companies/7424.md) (acquirer)
- [Möller](https://endata.com/companies/52271.md) (target)

## Sources

- [indiancementreview.com](https://indiancementreview.com/2021/07/reel-to-buy-moller-from-flsmidth/), 2021-07-01: "The sale of Möller is part of an on-going process aimed at reshaping FLSmidth's cement division."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.