REEL to acquire FLSmidth's Möller pneumatic conveying business

FLSmidth agreed to sell its Germany-based Möller (FLSmidth Hamburg GmbH) pneumatic conveying systems business to French group REEL. The agreement was signed on 29 December 2020 and the terms are confidential.

“On 29 December, 2020, FLSmidth entered into a definitive agreement to sell its Germany-based Möller business to French conglomerate REEL.”fls.com

• 1 source
• fls.comFLSmidth announces the sale of its Möller pneumatic conveying systems business to REELDec 30, 2020

Summarized from public sources; check the original articles before acting on it.