Latest news with #FLSmidth&Co
Los Angeles Times
21-07-2025
- Business
- Los Angeles Times
Manhattan Beach Private Equity Firm Acquired Copenhagen Cement Firm
Pacific Avenue Capital Partners, a Manhattan Beach-based private equity firm focused on corporate carve-outs and other complex transactions in the middle market, announced the acquisition of FLSmidth Cement from FLSmidth & Co. A/S. through an affiliate in a deal valued at approximately $170 million. FLSmidth Cement is a solutions provider for the cement production industry, focused on providing aftermarket parts and services as well as new and replacement equipment to cement plants around the globe. The company is headquartered in Copenhagen, Denmark and has manufacturing locations in North America, Europe and Asia. 'We are honored to be the trusted partner for FLSmidth Cement on this highly complex transaction. We strive to be the buyer of choice for corporate sellers, with the ability to seamlessly complete cross-border transactions,' said Chris Sznewajs, managing partner of Pacific Avenue, in a statement. FLSmidth Cement's offerings and expertise span the cement value chain from entry to exit of the production plant. Specifically, it offers a wide array of production equipment and software, including crushers, mills, kilns, feeders, loading systems, pneumatic conveyers and automation controls. J.P. Morgan served as the M&A advisor, McDermott Will & Emery served as the legal advisor, and KPMG provided accounting and tax services to Pacific Avenue Capital Management. The transaction is expected to close during the second half of 2025, subject to customary closing conditions and regulatory approval. Information for this article was sourced from Pacific Avenue Capital Partners.
Business Insider
05-07-2025
- Business
- Business Insider
RBC Capital Sticks to Their Buy Rating for FLSmidth & Co. A/S (0OJA)
In a report released yesterday, Nicholas Housden from RBC Capital maintained a Buy rating on FLSmidth & Co. A/S, with a price target of DKK440.00. The company's shares closed last Thursday at DKK389.40. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Housden covers the Industrials sector, focusing on stocks such as Paccar, FLSmidth & Co. A/S, and Kone Oyj. According to TipRanks, Housden has an average return of 13.0% and a 70.90% success rate on recommended stocks. Currently, the analyst consensus on FLSmidth & Co. A/S is a Moderate Buy with an average price target of DKK414.20, a 6.37% upside from current levels. In a report released on July 3, Jefferies also maintained a Buy rating on the stock with a DKK440.00 price target. 0OJA market cap is currently DKK22.08B and has a P/E ratio of 18.88.
Business Insider
25-06-2025
- Business
- Business Insider
Kepler Capital Remains a Buy on FLSmidth & Co. A/S (0OJA)
Kepler Capital analyst William Mackie maintained a Buy rating on FLSmidth & Co. A/S (0OJA – Research Report) on June 23 and set a price target of DKK440.00. The company's shares closed last Monday at DKK386.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Mackie covers the Industrials sector, focusing on stocks such as ABB Ltd, Alstom SA, and FLSmidth & Co. A/S. According to TipRanks, Mackie has an average return of 8.0% and a 58.88% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FLSmidth & Co. A/S with a DKK400.25 average price target, representing a 3.69% upside. In a report released on June 20, Jefferies also maintained a Buy rating on the stock with a DKK420.00 price target.
Yahoo
17-06-2025
- Business
- Yahoo
FLSmidth signs agreement to sell its corporate headquarters for a total net cash gain of DKK 730 million
COMPANY ANNOUNCEMENT NO. 9-2025 FLSmidth & Co. A/S17 June 2025 Copenhagen, DenmarkToday, FLSmidth has entered into a share purchase agreement with Nrep and AG Gruppen (collectively 'the buying party') to dispose all shares in FLSmidth's subsidiary 'Matr. No 2055 A/S' owning land and buildings located on Vigerslev Allé 77 in Valby, Denmark. This announcement marks a major milestone in FLSmidth's long history at Vigerslev Allé in Valby, Copenhagen, where the company has been based since 1899. Its iconic red-brick buildings, designed by architect Palle Suenson, was inaugurated in 1956 and today serve as the corporate headquarters. In 2022, FLSmidth announced plans to relocate to a new corporate headquarter at Havneholmen in Copenhagen, with the move currently scheduled for late 2025. The expected net cash proceeds from the sale amount to approximately DKK 730 million to be paid in full to FLSmidth upon closing of the transaction, expectedly at the end of the first quarter of 2026 following FLSmidth relocating to its new corporate headquarters. The expected accounting gain amounts to approximately DKK 690 million. Closing of the transaction is subject to approval by the Danish Consumer and Competition Authority. The expected net cash proceeds from the sale will be allocated in line with the company's general capital allocation priorities as well as to general corporate purposes. The transaction does not change FLSmidth's previously communicated financial guidance for the full year 2025 (ref. Company Announcement no. 8-2025).Contacts: Investors RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ MediaJannick Denholt, +45 21 69 66 57, jli@ FLSmidth FLSmidth is a full flowsheet technology and service supplier to the global mining and cement industries. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining and cement industries and aim to become carbon neutral in our own operations by 2030. Attachment FLSmidth Company Announcement no. 9-2025
Yahoo
15-05-2025
- Business
- Yahoo
Toni Laaksonen confirmed to join FLSmidth on 1 June 2025 as President, Mining Service Business Lines
PRESS RELEASE FLSmidth & Co. A/S15 May 2025, Copenhagen, DenmarkAs announced on 18 February 2025, FLSmidth has appointed Julian Soles as President, Mining Products Business Line, and Toni Laaksonen as President, Mining Service Business Line. While Julian Soles officially started with FLS on 1 May 2025, Toni's start date was yet to be announced. It has now been confirmed, and Toni will start on 1 June 2025. Contacts: MediaJannick Denholt, +45 21 69 66 57, jli@ Investor RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ FLSmidth FLSmidth is a full flowsheet technology and service supplier to the global mining and cement industries. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining and cement industries and aim to become carbon neutral in our own operations by 2030. Attachment FLS Press Release BL leaders start dates - May 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
