FLSmidth completes acquisition of TK Mining

The final closing of FLSmidth’s acquisition of TK Mining took place on 31 August 2022.

Highlights:

• TK Mining’s total outstanding order backlog amounted to €698 million at end July 2022.
• TK Mining has suspended new business in Russia, while contracts with non-sanctioned customers are being finalised to the extent possible.
• TK Mining’s outstanding order backlog from Russian activities amounted to around €43 million by end July 2022.
• Other potential exposure and risks related to Russia remain subject to audit.