REEL to buy Möller from FLSmidth

France-based REEL has agreed to acquire handling and lifting systems specialist Möller (also known as FLSmidth Hamburg GmbH) from Denmark-based FLSmidth for an undisclosed amount.

The company employs 60 people and has reported sales of Euro 400m/year.

FLSmidth Cement President Carsten Riisberg Lund said, “The sale of Möller is part of an on-going process aimed at reshaping FLSmidth’s cement division.

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