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FLSmidth acquires Summit Valley Equipment & Engineering

17.12.2009
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PRESS RELEASE

 

 

FLSmidth has acquired the assets of Summit Valley Equipment & Engineering, located in Salt Lake City in Utah, USA effective 15 December 2009.

 

Summit Valley Equipment & Engineering (SVEE) designs and fabricates modular plants and equipment used for the extraction of gold and silver. This includes the industry’s highest capacity electrowinning cell used in precious metals recovery.

 

The technology and know how acquired significantly strengthens FLSmidth offerings in precious metals processing.

 

SVEE has an established global presence having already supplied specialty equipment and services to twenty-four countries on six continents over the last eighteen years.

 

"With the acquisition of SVEE FLSmidth adds unique refining expertise to our existing minerals business thereby increasing our offerings to the minerals processing industries and providing a more complete flow sheet in gold and silver extraction," Group CEO Jørgen Huno Rasmussen comments.

 

Summit Valley Equipment & Engineering has an annual turnover of approx. USD 25m. 

 

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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