FLSmidth makes offer to acquire ESSA Australia

FLSmidth has announced an offer for the acquisition of the Australian listed company ESSA Australia Ltd. The offer corresponds to an enterprise value of approximately DKK 170 million. The offer is unanimously recommended by the Board of Directors of ESSA, in the absence of a superior offer.

The acquisition is conditional on the acceptance of at least 90% of the shares in ESSA and other customary conditions.

ESSA is a world leading specialist in the design, manufacture, support and service of sampling and sample preparation equipment for the international minerals and mining industry. It is active in a number of market segments including: mineral sample preparation, laboratory equipment, industrial solids preparation, mineral sizing, metallurgical testing, run of mine sampling, replacement parts and maintenance, laboratory and sampling automation.

Group CEO Jørgen Huno Rasmussen said: “The technology and employees will perfectly fit FLSmidth’s sampling and laboratory technology and further strengthen the company’s product portfolio in the minerals industry.”

Read the article online at: https://www.worldcoal.com/coal/06122010/flsmidth_makes_offer_to_acquire_essa_australia/