# FLSmidth to acquire thyssenkrupp's Mining business for EUR 325 million

FLSmidth has agreed to acquire thyssenkrupp's Mining business (TK Mining) for an enterprise value of EUR 325 million. The transaction is expected to close in H2 2022, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2021-07-29
- Value: $384.0M (325.0M EUR)
- Status: announced
- Products: mining systems, material handling equipment, mineral processing solutions
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (target)
- [thyssenkrupp Industrial Solutions](https://endata.com/companies/2305.md) (target)
- [FLSmidth](https://endata.com/companies/4673.md) (acquirer)

## Sources

- [fls.com](https://fls.com/en/announcements/2021/flsmidth-to-acquire-thyssenkrupps-mining-business--creating-a-global-industry-leader-in-mining-technology), 2021-07-29: "TK Mining and FLSmidth are a perfect match, and I am proud to announce this agreement to join forces."
- [reuters.com](https://www.reuters.com/article/world/europe/flsmidth-agrees-to-buy-thyssenkrupps-mining-unit-idUSKBN2EZ1KT/), 2021-07-29: "Denmark's FLSmidth on Thursday said it had agreed to buy Thyssenkrupp's mining equipment division in a deal valuing the unit at 325 million euros ($386 million)"
- [northamericanmining.com](https://northamericanmining.com/index.php/2021/07/29/flsmidth-to-acquire-thyssenkrupp-mining-business/), 2021-07-29: "This acquisition will place FLSmidth in an even better position to meet customer needs in these key areas."
- [miningconnection.com](https://miningconnection.com/surface/news/article/flsmidth_to_acquire_thyssenkrupps_mining_business_for_386_million), 2021-08-27: "FLSmidth and thyssenkrupp Industrial Solutions AG have reached an agreement where FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining) for a total consideration of EUR$325 million ($386,265,163 million)"
- [miningconnection.com](https://miningconnection.com/longwall/p2940/P6280), 2021-08-30: "FLSmidth to Acquire thyssenkrupp's Mining Business for $386 Million"

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