FLSmidth has announced the acquisition of IMP Automation Group, which provides automated laboratory solutions for the mining industry.
Solutions offered by IMP complement FLSmidth’s products for quality control and optimisation of the mining process.
FLSmidth Mining president Manfred Schaffer said: “Knowing your ore characteristics from the mine and all the way through the processing plant is of increasing importance in mining as declining ore grades make it necessary to increase productivity by process optimisation.
“We see a strong match between some of our digital initiatives in FLSmidth and IMP’s automation solutions that will help miners get better data on their ore and assist in optimising the processing.
“With this acquisition, our flowsheet of laboratory solutions within mining and minerals processing is complete, and this will be of great value to our customers.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
As part of the deal, the company acquired more than 130 IMP employees, including the managing director Boyne Hohenstein.
The transaction also included the acquisition of IMP’s 50% share in a joint venture that offers complete O&M-based solutions for automated labs.
IMP Automation Group managing director Boyne Hohenstein said: “For years, we have combined profound laboratory process knowledge with automation skills and developed novel and innovative solutions.”
A combination of high-exploration activity and an increased focus on productivity, automation and digitalisation has led to the growth for automated laboratories in the market.
Subject to customary closing conditions, the acquisition is slated for completion in the second quarter of this year.
The companies have not disclosed the terms of the transaction.