FLSmidth has acquired the assets of Summit Valley Equipment & Engineering, located in Salt Lake City in Utah, USA, effective 16 December 2009.
Summit Valley Equipment & Engineering (SVEE) designs and fabricates modular plants and equipment used for the extraction of gold and silver. This includes the industry’s highest capacity electro-winning cell used in precious metals recovery.
The technology and know-how acquired significantly strengthens FLSmidth’s offering in precious metals processing.
SVEE has an established global presence having already supplied specialty equipment and services to 24 countries on six continents over the last 18 years.
“With the acquisition of SVEE, FLSmidth adds unique refining expertise to our existing minerals business, thereby increasing our offerings to the minerals processing industries and providing a more complete flow sheet in gold and silver extraction,” Group CEO Jørgen Huno Rasmussen comments.
SVEE has an annual turnover of approximately US$25m.