After having obtained approval from antitrust authorities, Tenova has now concluded its acquisition of Bateman Engineering N.V. (which includes the Delkor Group), a leading equipment supplier and engineering house for the mining industry.
In addition to the acquisition, Tenova is expanding its presence in the mining and minerals market through the integration of the Bateman business related to solvent extraction, electrowinning and chemical technologies. The processes span from the preliminary stages of defining the customer’s needs and conducting research and feasibility studies, to plant modification, expansion and new facility construction. In addition, Tenova Mining and Minerals’ product portfolio now includes hydrometallurgical equipment and solutions for minerals, fertilisers and phosphates. The division, which also includes Tenova TAKRAF and Tenova Pyromet, now covers the mining industry value chain.
Tenova Mining and Minerals will generate annual revenues in excess of US$1.1 billion, employing 2400 personnel and operating in 19 countries across five continents.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/europe-cis/16042012/minerals_processing_tenova_bateman_acquisition/