FLSmidth completes sale of non-core material handling assets to KOCH Solutions

FLSmidth announced that all closing conditions for the sale of its Non-Core Activities material handling assets to KOCH Solutions have been met, with closing expected on 1 September 2023. The transaction includes intellectual property, order backlog, employees and facilities.

“all conditions and requirements regarding the previously announced Asset Purchase & Transfer Agreement between FLSmidth and KOCH Solutions have been met.”fls.com

• 2 sources
• fls.comFLSmidth announces fulfilment of the closing conditions for the sale of Non-Core Activities material handling assets to KOCH SolutionsAug 23, 2023
• majunke.comMAYLAND berät KOCH Solutions von Rainbow Heavy Industries aus China beim Erwerb eines Material Handling-Geschäftsbereiches von FLSmidth aus Dänemark – MAJUNKE.comSep 6, 2023

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