Smidth To Acquire Transweigh India

Danish engineer FLSmidth said on Thursday it had acquired Transweigh India Limited for an undisclosed sum.

The company is a supplier of gravimetric feeding equipment, mainly to the steel, iron and cement industries and operates largely within India, FLSmidth said in a statement.

"Transweigh has a very well-equipped sales force and provides FLSmidth with direct access to customers in the important Indian market," chief executive Jorgen Huno Rasmussen said in the statement.

"Transweigh is a long-term partner of FLSmidth Pfister and holds valuable know-how regarding feeding technology and material handling, which we can now turn to good account outside India."

FLSmidth, a supplier of engineering services and equipment to the cement and minerals industries, said Transweigh's head office and production facilities are located in Mumbai and that it employs around 300 people.