# 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.

- Type: Acquisition
- Announced: 2023-06-14
- Where: Denmark
- Value: $8.80M (8.00M EUR)
- Status: announced
- Products: port/terminal equipment, stockyard systems, pipe conveyors, continuous surface mining equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (partner)
- [FLSmidth](https://endata.com/companies/4673.md) (target)
- [Koch Solutions](https://endata.com/companies/40564.md) (acquirer)
- [Rainbow Heavy Industries](https://endata.com/companies/64142.md) (acquirer)

## Sources

- [fls.com](https://fls.com/en/announcements/2023/flsmidth-to-sell-non-core-activities-material-handling-technology-assets-to-koch-solutions-and-accelerates-the-exit-of-the-non-core-activities-segment--), 2023-06-14: "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."
- [yicaiglobal.com](https://www.yicaiglobal.com/news/20230616-15-chinas-rainbow-heavy-industry-gains-after-inking-deal-to-buy-flsmidths-bulk-material-handling-business), 2023-06-16: "The deal will enhance Rainbow Heavy’s market competitiveness and global after-sales service capability and improve its international market share."

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