France-based REEL has agreed to acquire handling and lifting systems specialist M?ller (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, ??he sale of M?ller is part of an on-going process aimed at reshaping FLSmidth?? cement division.