FLSmidth has confirmed the signing of a definitive agreement for the acquisition of Salt Lake City-based KnowledgeScape, a global leader in digital optimisation solutions for the mineral processing industry. It specialises in using Advanced Process Control systems to improve the performance and efficiency of mine concentrators with a full range of smart sensors and highly intelligent automation software.
The company stated: “The addition of KnowledgeScape’s advanced solutions to FLSmidth’s already robust digital ENABLR™ portfolio will deliver an expanded and exciting range of benefits to customers, from increased automation to improved reliability and enhanced productivity. The KnowledgeScape™ portfolio has documented capabilities in increasing the total output of a processing plant by 4-10%. At the same time, their solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy.”
The acquisition of KnowledgeScape strongly supports the FLSmidth MissionZero strategy, which aims to move its customers towards zero water waste, zero energy waste and zero emissions by 2030. KnowledgeScape’s solutions and technology have a proven track record in achieving sustainable productivity by reducing power, water and reagent consumption, thus helping customers to achieve more with a smaller environmental footprint.
“With this acquisition, FLSmidth reinforces a strong track record of M&A and integration, with special emphasis on the retention of local talent. This acquisition will further solidify FLSmidth as a leading supplier of digital optimisation to the minerals processing industry,” added Mikko Tepponen, CDO at FLSmidth.
“By acquiring KnowledgeScape, FLSmidth can offer customers a portfolio of expert control solutions and advanced sensor technologies, for automating, optimising and increasing the reliability of minerals processing circuits. The KnowledgeScape solutions are leading-edge technologies that serve as an important differentiating market factor, both within productivity upgrades, retrofit and capital projects,” explains Manfred Schaffer, Mining President, FLSmidth.
Dustin Collins, CEO, KnowledgeScape, states: “We are excited to join FLSmidth and become a part of its amazing team of mining solutions experts. We are looking forward to providing FLSmidth customers with ever improving optimisation technologies that save costs, time, and drive sustainability.”
The acquisition agreement was completed on October 1 and the transaction is scheduled to close on October 30. The integration will begin immediately thereafter, meaning the expanded digital range will be available to FLSmidth’s customers from November 1. As part of the agreement, seven KnowledgeScape employees will join FLSmidth and be based at the FLSmidth offices in Salt Lake City and Chile.
KnowledgeScape current solutions include:
KSX Expert System: Real time optimisation software that determines ideal set point changes and relays them to the DCS/PLC to increase production
PlantVision™: Real time image analysis that provides critical measurements for ore on conveyor belts or froth properties in flotation cells
Grinding Mill Charge Detection Sensors: Real time analysis of the charge of a grinding mill to extend liner life and improve throughput