# FLSmidth completes acquisition of thyssenkrupp Mining business

FLSmidth has completed the acquisition of thyssenkrupp's Mining business (TK Mining), with final closing on 31 August 2022. The deal creates a leading mining technology and service provider with strength in comminution and in-pit crushing & conveying.

- Type: Acquisition
- Announced: 2022-08-01
- Where: Essen, Germany, Germany
- Jobs: 2,000
- Status: completed
- 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)
- [FLSmidth](https://endata.com/companies/4673.md) (acquirer)

## Sources

- [im-mining.com](https://im-mining.com/2022/08/11/flsmidth-announces-completion-of-tk-mining-acquisition/), 2022-08-11: "Today's announcement marks a significant milestone in the history of FLSmidth."
- [im-mining.com](https://im-mining.com/2022/09/02/flsmidth-and-tk-mining-beyond-closure/), 2022-09-02: "On September 1, 2022, one of the largest mining equipment and technology deals in history was completed as FLSmidth closed its acquisition of the Mining business of thyssenkrupp AG."
- [e-mj.com](https://www.e-mj.com/features/setting-the-standard-for-safe-sustainable-mining/), 2022-10-21: "Today's announcement marks a significant milestone in the history of FLSmidth."
- [northamericanmining.com](https://northamericanmining.com/index.php/2023/02/26/executive-qa-flsmidths-mikko-keto/), 2023-02-26: "The completion of the acquisition contributes to FLSmidth's strategic growth ambitions within mining."

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