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| FLSmidth makes offer for the acquisition of ESSA Australia FLSmidth, a Denmark-based provider of equipment and services for the cement and minerals industries, has announced an offer for the acquisition of the Australian listed company ESSA Australia Ltd (ESSA). FLSmidth's offer corresponds to an enterprise value of approximately DKK 170m. 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 percent 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. ESSA is active in a number of market segments including the following: mineral sample preparation, laboratory equipment, industrial solids preparation, mineral sizing, metallurgical testing, run of mine sampling, replacement parts and maintenance, laboratory and sampling automation. ESSA's head office and production facilities are located in Perth, Australia and the ESSA group has approximately 100 employees. write your comments about the article :: © 2010 Construction News :: home page |