FLSmidth eyes small acquisitions in 2023

Richard Roberts

Editor in chief

Top image :
FLSmidth CEO Mikko Keto
‘Beyond 23 we might look at significant transformational acquisitions as well’

FLSmidth CEO Mikko Keto says the Danish mining and cement plant maker is in the market for bolt-on consumable, wear product and service acquisitions in 2023, and potentially adding to its technology portfolio, but won’t look at another big deal until 2024 as it continues to bed down last year’s US$318 million takeover of thyssenkrupp Mining.

Asked by analysts about 2023 M&A prospects after FLSmidth posted its FY2022 financial results, Keto said the company was evaluating a number of small-to-medium-size businesses for possible deals.

“We are not having eyes on any massive big acquisitions in 2023,” he said.

This content is available to Paid Subscribers only. If you are already a subscriber, login using the panel below or visit our Subscribe page to view subscription packages and/or Subscribe now.
Latest News

Not registered? Register Now

Powered By MemberPress WooCommerce Plus Integration