FLSmidth acquires KnowledgeScape for its digital portfolio

FLSmidth acquires KnowledgeScape for its digital portfolio
02 October 2020

FLSmidth has acquired KnowledgeScape and its advanced solutions to expand its digital ENABLR™ portfolio. The KnowledgeScape™ portfolio has documented capabilities in increasing the total output of a processing plant by 4-10 per cent. At the same time, its solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy.

"With this acquisition, FLSmidth reinforces a strong track record of M&A and integration, with special emphasis on the retention of local talent. This acquisition will further solidify FLSmidth as a leading supplier of digital optimisation to the minerals processing industry," adds Mikko Tepponen, CDO at FLSmidth.

Dustin Collins, CEO, KnowledgeScape, states: "We are excited to join FLSmidth and become a part of its amazing team of mining solutions experts. We are looking forward to providing FLSmidth customers with ever improving optimisation technologies that save costs, time, and drive sustainability."

Meanwhile, N
ovo Holdings A/S has reduced its holding of FLSmidth shares to a total 2,455,584 shares, which corresponds to 4.79 per cent of the total nominal share capital and voting rights in FLSmidth & Co A/S.

Published under Cement News