FLSmidth Completes Regulatory Hurdles for Cement Business Sale

Author: Addison Perry Updated: 10-21-2025 05:18 PM

FLSmidth Secures Regulatory Approvals for Cement Business Transition

In a significant development, FLSmidth & Co. A/S has announced that it has met all regulatory approvals required for the divestment of its Cement business to an affiliate of a renowned global private equity firm, Pacific Avenue Capital Partners. This marks a turning point in FLSmidth's strategy as it aims to focus on enhancing its operations in the mining sector.

CEO's Vision for Future Growth

CEO Mikko Keto expressed his reflections on this milestone. He noted, "For 143 years, the Cement business has been integral to FLSmidth and has established the groundwork for who we are today. It has shaped our organization, refined our capabilities, and bolstered our reputation globally. As we move forward, I wish all success to our former Cement team and Pacific Avenue Capital Partners." He emphasized that the completion of this transaction represents not just a change in business structure, but the dawn of a fresh chapter for FLSmidth.

Focus on Mining Technology and Services

Following the close of this transaction, expected in the fourth quarter of the upcoming year, FLSmidth is set to concentrate solely on providing advanced technology and services to the mining industry. The shift highlights FLSmidth's commitment to creating value specifically for mining customers.

Sustainability Commitment in Mining

FLSmidth is not just focusing on business growth; it is also dedicated to sustainability within the mining sector. The company has launched its MissionZero initiative, aiming for zero emissions in mining operations by the year 2030, aligning with Science-Based Targets to improve sustainability performance and work towards carbon neutrality.

Investor Relations and Contact Information

For those interested in more details, FLSmidth provides ample avenues for communication. Investor Relations can be contacted through Andreas Holkjær at +45 24 85 03 84 or via email at andh@flsmidth.com. Additionally, interested parties can reach out to Jannick Denholt at +45 21 69 66 57 or jli@flsmidth.com for media inquiries.

Frequently Asked Questions

What is the significance of FLSmidth's recent announcement?

The announcement signifies that FLSmidth has met all necessary regulatory approvals for selling its Cement business, enabling a strategic shift towards the mining sector.

When is the expected closing date for the transaction?

The transaction is anticipated to close in the fourth quarter of the upcoming year, following all clearance from regulatory bodies.

Who is the buyer of FLSmidth's Cement business?

The Cement business will be acquired by an affiliate of Pacific Avenue Capital Partners, a global private equity firm.

How will this sell affect FLSmidth's operations?

This sale allows FLSmidth to sharpen its focus on becoming a leading supplier of technology and services solely for the mining industry.

What is FLSmidth's sustainability goal?

FLSmidth's MissionZero aims for zero emissions in its mining operations by 2030, demonstrating its commitment to sustainable practices in the industry.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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