PRESS RELEASE
FLSmidth has today acquired the privately-owned company TEUTRINE GmbH Industrie-Technik (TEUTRINE), a German company specialised in mobile solutions for repairs, refurbishments and installation services. The parties have agreed not to disclose the value of the transaction.
TEUTRINE has 40 years of experience of worldwide site management services, assembly and repair tasks within the cement and minerals industries.
The company predominantly carries out maintenance and repair services at site where they offer mobile solutions within repair (welding), refurbishment (machining, grinding, hard facing and overhauling), replacement (parts replacement, alignment, lifting) and upgrades (equipment replacement, alignment, lifting). TEUTRINE's key markets are today found within Europe and the Middle East.
"The acquisition of TEUTRINE is a significant addition to our service concept in relation to repair and refurbishment services as well as replacement and upgrade services for all the major equipment on a cement plant - creating even closer relations between FLSmidth and our customers," Group CEO Jørgen Huno Rasmussen says.
The company will be integrated in FLSmidth as part of the Plant Operation & Equipment Services within the Customer Services division.
TEUTRINE was founded in 1973 by Antonius and Annemarie Teutrine. In 2009 the ownership was transferred to Gabriele Teutrine, CEO and successor to the founders. Today, the company has 45 employees.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, 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