FLSmidth sells material handling technology assets to KOCH Solutions

FLSmidth and KOCH Solutions signed an Asset Purchase & Transfer Agreement on June 14, 2023, for material handling technology assets including intellectual property, order backlog of around DKK 400 million, and facilities in Germany and Australia. The transaction is expected to close in Q3 2023.

“On 14 June 2023 FLSmidth and KOCH Solutions have signed an Asset Purchase & Transfer Agreement involving material handling technology that is part of the Non-Core Activities segment.”fls.com

• 2 sources
• fls.comFLSmidth to sell Non-Core Activities material handling technology assets to KOCH Solutions and accelerates the exit of the Non-Core Activities segmentJun 14, 2023
• yicaiglobal.comChina’s Rainbow Heavy Gains After Inking Deal to Buy FLSmidth’s Bulk Materials Handling BusinessTang ShihuaJun 16, 2023

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