In order to maintain a strong focus on our six focus industries and business areas FLSmidth has today divested non-core activities, gained through the recent acquisition of the Australian company Ludowici (see Company Announcement No. 29-2012).
The sales concern the business area Industrial and Infrastructure, consisting of the following four business units; Water, Seals, Industrial Rubber and Engineered Rubber.
"This divestment of non-core activities is part of the ongoing integration of Ludowici, and after this, no further Ludowici activities will be sold off. For FLSmidth, 2012 has been a year of transformation and expansion. In 2013, the main focus will be on execution and consolidation," Group CEO Jørgen Huno Rasmussen comments.
The respective business unit sales will be effective 31 January 2013.
In order to maintain a strong focus on our six focus industries and business areas FLSmidth has today divested non-core activities, gained through the recent acquisition of the Australian company Ludowici (see Company Announcement No. 29-2012). The sales concern the business area Industrial and Infrastructure, consisting of the following four business units; Water, Seals, Industrial Rubber and Engineered Rubber. "This divestment of non-core activities is part of the ongoing integration of Ludowici, and after this, no further Ludowici activities will be sold off. For FLSmidth, 2012 has been a year of transformation and expansion. In 2013, the main focus will be on execution and consolidation," Group CEO Jørgen Huno Rasmussen comments. The respective business unit sales will be effective 31 January 2013.