FLSmidth Announces the Sale of Fabric Filter Technology to Simatek

Source: www.gulfoilandgas.com 12/23/2020, Location: Europe

On 22 December, 2020, FLSmidth has entered into an agreement to sell fabric filter technology, a non-core business of FLSmidth’s advanced filter technology (“AFT”), to Simatek A/S (“Simatek”), a Denmark-based manufacturer of industrial filters.

The transaction has substantial benefits for both parties: (i) FLSmidth will retain its core AFT operations, which continue to be key in the delivery of FLSmidth’s MissionZero strategy; while (ii) the acquisition will allow Simatek to gain scale, widen its product portfolio and enhance its filter technology.

As part of this transaction, FLSmidth and Simatek have entered into a cooperation agreement. Under this agreement, Simatek will supply FLSmidth with fabric filters. In turn, FLSmidth will become a supplier of filter bags and filter cages to Simatek.

The cooperation agreement will enable FLSmidth to enhance its MissionZero strategy by reaching more clients with core products that focus on reducing particle emissions.

Flemming Jensen, Head of Air Pollution Control at FLSmidth, commented:
“We believe Simatek is an ideal partner to receive our technology. By combining our bags and cages offering with Simatek’s extended industrial filters portfolio, we have created a strong collaboration that will greatly benefit our MissionZero strategy and our customers’ overall green agenda.”

Terms of this transaction will remain confidential.


United Kingdom >>  4/14/2021 - Worley has been awarded a contract to provide front end engineering and design (FEED) services to Anasuria Hibiscus UK Ltd (AHUK), an indirect, wholly...
Norway >>  4/7/2021 - ABB AS and Siemens Energy AS are awarded framework agreements for providing service of electrical equipment on all Equinor’s installations on the Norw...

Norway >>  3/29/2021 - Maersk Drilling has been awarded a contract with Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher to assist with well intervention, ...
Norway >>  3/25/2021 - Aker Solutions has won a large[1] contract from ConocoPhillips to provide a subsea production system for the Eldfisk North development offshore Norway...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.