M&A Deal Summary

FLSmidth A/S Acquires Knelson Engineering & Manufacturing

On September 20, 2011, FLSmidth A/S acquired machinery company Knelson Engineering & Manufacturing

Acquisition Highlights
  • This is FLSmidth A/S’s 12th transaction in the Machinery sector.
  • This is FLSmidth A/S’s 3rd transaction in Canada.
  • This is FLSmidth A/S’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-09-20
Target Knelson Engineering & Manufacturing
Sector Machinery
Buyer(s) FLSmidth A/S
Deal Type Add-on Acquisition

Target

Knelson Engineering & Manufacturing

Langley, British Columbia, Canada
Knelson Engineering & Manufacturing develops, manufactures, and installs equipment for the recovery of precious metals such as gold, platinum and silver, as well as the enhanced gravity separation of base metals and industrial minerals with over 3000 installations in over 70 countries worldwide.

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Buyer(S) 1

Buyer

FLSmidth A/S

Copenhagen, Denmark
Category Company
Founded 1882
Sector Machinery
DESCRIPTION

FLSmidth & Co. A/S is a supplier of equipment and services to the global cement and minerals industries. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction.

DEAL STATS #
Overall 15 of 22
Sector (Machinery) 12 of 17
Type (Add-on Acquisition) 11 of 17
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2011) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 Phillips Kiln Services

South Sioux City, Nebraska, United States

Phillips Kiln Services Ltd. is a well-established international services provider that specialises in the maintenance, reconditioning and repair of kilns and related equipment. Capable of working on all makes and models of rotary kilns, dryers, and associated equipment, the company offers an excellent mix of services and competencies to the cement and minerals industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-20 Transweigh

Mumbai, India

Transweigh India Limited is a supplier of gravimetric feeding equipment, mainly to the steel, iron and cement industries. Transweigh also sells a large number of proprietary products such as belt weigh feeders, apron weigh feeders, apron feeders, loss in weight feeders, solid flow meters, bin weighing equipment and feeding electronics.

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