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France-based REEL has agreed to acquire handling and lifting systems specialist Möller (FLSmidth Hamburg GmbH) from Denmark-based FLSmidth. The company employs 60 people and has reported sales of EUR 400 million per year.
FLSmidth agreed to sell its Germany-based Möller (FLSmidth Hamburg GmbH) pneumatic conveying systems business to French group REEL. The agreement was signed on 29 December 2020 and the terms are confidential.