# 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.

- Type: Acquisition
- Announced: 2020-12-30
- Where: Hamburg, Germany
- Status: announced
- Products: pneumatic conveying systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (partner)
- [REEL](https://endata.com/companies/7424.md) (acquirer)
- [Möller (FLSmidth Hamburg)](https://endata.com/companies/7425.md) (target)

## Sources

- [fls.com](https://fls.com/en/announcements/2020/flsmidth-announces-the-sale-of-its-moller-pneumatic-conveying-systems-business-to-reel-), 2020-12-30: "On 29 December, 2020, FLSmidth entered into a definitive agreement to sell its Germany-based Möller business to French conglomerate REEL."

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