PRESS RELEASE
FLSmidth has today signed an agreement to acquire the two Australian service companies MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. The parties have agreed not to disclose the value of the transactions.
The two acquisitions will complement FLSmidth's regional Customer Services set-up with a highly skilled workforce and full-service capabilities. The key markets of the two companies are currently the Australian and South East Asian mining industries.
MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. provide construction, commissioning, maintenance and repair services. MIE Enterprises Pty Ltd. serves the market for specialised mechanical services of high technical complexity, while Mayer Bulk Pty Ltd.'s specialist expertise is centred on the design of mobile machines, cranes and material handling structures.
"Combined with our current set-up and recent acquisition of Australian Ludowici these acquisitions further accelerate the development of FLSmidth's regional Customer Services capabilities, offering a unique combination of service foot print and skills - which makes FLSmidth one of the strongest service providers in Australia, while at the same time providing opportunities, through FLSmidth's global foot print, to expand the acquired new expertise to other markets where the FLSmidth Group is active," Group CEO Jørgen Huno Rasmussen says.
MIE Enterprises Pty Ltd. was established in 2003. In 2011 the company acquired a majority share in Mayer Bulk Pty Ltd. to complete the range of services offered to its customers. The two companies together employ approximately 200 full time employees in service and construction, including 20 engineering staff, and are headquartered in Henderson and Sydney, respectively, in Australia.
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Please address any questions regarding this announcement to Group Executive Vice President Bjarne Moltke Hansen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations