Denmark: FLSmidth has announced the signing of a takeover agreement with mineral processing digital solutions specialist KnowledgeScape. No value for the acquisition has been disclosed.
Chief Digital Officer (CDO) Mikko Tepponen said, “The addition of KnowledgeScape’s advanced solutions to FLSmidth’s already robust digital ENABLR portfolio will deliver an expanded and exciting range of benefits to cement industry customers, from increased automation to improved reliability and enhanced productivity, increasing the total output of plants by 4% - 10%. At the same time, their solutions reduce power, water and reagent consumption, contributing significantly to the goals of FLSmidth’s MissionZero sustainability strategy.” He added, “With this acquisition, FLSmidth reinforces a strong track record of integration with a special emphasis on the retention of local talent.”