FLSmidth is divesting its Cement business to an affiliate of Pacific Avenue Capital Partners, a global private equity firm, for a total initial consideration of EUR 75 million.
“I am incredibly proud of what our Cement business has achieved in its more than 140-year-long history with FLSmidth. We firmly believe that this divestment represents a pivotal step in unlocking the full potential for both our Mining and Cement businesses,” said Mads Nipper, chair of FLSmidth’s board of directors. “Our Cement business is now well positioned for future success, with the flexibility to pursue its strategic ambitions and create exciting new opportunities for its employees to innovate and grow.”
The deal includes all related employees, assets, intellectual property and technology. Certain legacy contracts and the Air Pollution Control (APC) asset will be retained by FLSmidth with immaterial impact on the continuing Mining business.
The transaction is expected to close during the second half 2025, subject to customary closing conditions, including regulatory approval from the relevant authorities.
