# EPS signs license agreement with FLSmidth for rotary excavators

Elektroprivreda Srbije (EPS) signed a contract with FLSmidth to purchase a technology license for five SchRs 740 rotary excavators, worth EUR 3 million. Kolubara Metal will manufacture the excavators under the license.

- Type: Contract
- Announced: 2023-05-26
- Where: Serbia
- Value: $3.20M (3.00M EUR)
- Status: announced
- Capacity: 4,800 cubic meters per hour per excavator
- Products: SchRs 740 rotary excavators
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (supplier)
- [Elektroprivreda Srbije](https://endata.com/companies/70508.md) (customer)
- [Kolubara Metal](https://endata.com/companies/70509.md) (partner)

## Sources

- [ekapija.com](https://www.ekapija.com/en/news/4231706/eps-pravi-pet-novih-bagera-potpisan-ugovor-sa-danskom-kompanijom-flsmidth-o), 2023-05-26: "This contract is crucial for EPS, because we are faced with less and less interest of excavator manufacturers to participate in tenders."

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