FLSmidth Completes Sale of Cement Business to Pacific Avenue

Author: Addison Perry Updated: 10-21-2025 05:19 PM

FLSmidth Completes Strategic Sale of Cement Business

Today marks a pivotal moment for FLSmidth, a renowned technology and service supplier in the global mining sector.

Regulatory Approval Achieved

The company announced that it has successfully obtained all necessary regulatory approvals for the sale of its Cement business to Pacific Avenue Capital Partners, a global private equity firm. This followed a meticulous process and adherence to guidelines, allowing for a seamless transition.

CEO Reflects on Cement Business Legacy

Mikko Keto, the CEO of FLSmidth, expressed heartfelt sentiments regarding the company's historic Cement division. “For 143 years, the Cement business has been an integral part of FLSmidth, shaping both our identity and capabilities globally,” he remarked. This sentiment underlines the long-standing legacy that the Cement unit holds within the company.

Significance of the Sale

The divestment is set to close in the fourth quarter, enabling FLSmidth to refocus its efforts entirely on being a top-tier supplier of technology and services to the mining industry. This transition signifies the beginning of an exciting new chapter for FLSmidth.

Future Outlook for the Company

Despite this significant change, FLSmidth assures shareholders and stakeholders that it remains steadfast in its financial guidance for the year ahead. The strategy is clear; the focus is now on enhancing offerings and solutions tailored for mining clients globally.

Commitment to Sustainability

FLSmidth is on a determined path towards achieving sustainability goals. The company’s MissionZero initiative is aimed at reaching zero emissions in mining by 2030, highlighting a commitment not only to operational improvement but also to environmental responsibility.

Elevating Value for Stakeholders

This strategic move refines FLSmidth's vision to deliver exceptional value for mining customers while fostering innovation and sustainability in its core operations. The company anticipates that the transition will unleash new potentials for investment and future growth.

Investor Engagement and Transparency

FLSmidth emphasizes open, transparent communication with its investors throughout this transition. The investor relations team is prepared to answer any inquiries as the company evolves and adapts to meet its new strategic objectives.

Frequently Asked Questions

What does the sale of the Cement business mean for FLSmidth?

The sale allows FLSmidth to concentrate solely on the mining industry, enhancing its product offerings and services.

When is the transaction expected to close?

The closing of the transaction is anticipated in the fourth quarter, finalizing an important strategic shift.

How long has FLSmidth been involved in the Cement business?

FLSmidth has been engaged in the Cement business for 143 years, making it a significant part of the company’s heritage.

What is MissionZero?

MissionZero is FLSmidth’s commitment to achieving zero emissions in mining by 2030, aiming for sustainable operational practices.

Who can I contact for investor relations?

Investors can reach out to Andreas Holkjær at +45 24 85 03 84 for inquiries regarding the sale and future corporate strategies.

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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