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.
