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BEUMER completes acquisition of conveyor systems provider FAM Group

BEUMER Group says it has completed the acquisition of the FAM Group of Magdeburg, Germany, in the process, increasing its conveyor system and loading technology offering.

BEUMER, a leader in the manufacture of intralogistics systems for conveying, loading, palletising, packaging, sorting and distribution, signed the purchase agreement in early May, with the transaction legally concluding on June 9, 2022.

The BEUMER Group has held a stable position in the bulk materials technology market for decades and, with the acquisition of the FAM Group, the systems provider has significantly strengthened its market position in the minerals and mining sectors, it said.

The FAM Group is a manufacturer of conveyor systems and is an internationally operating, medium-sized group with 750 employees. The company is one of the world’s leading full-range bulk handling and processing equipment suppliers, able to plan, design and manufacture turnkey plants and systems for mining, extracting, loading and storing minerals, raw materials and goods.

In addition to expanding the BEUMER Group’s portfolio, FAM’s know-how and global positioning also complement BEUMER’s competence in the project planning of plants, BEUMER said. FAM brings not only planning and engineering, but the entire value chain to the BEUMER Group, including aftersales service.

The company concluded: “The BEUMER Group offers FAM a long-term perspective anchored on the highest possible quality, sustainability and innovation: for almost 90 years now, the BEUMER Group, a family-run and wholly self-financed company, has been developing customized system solutions for the mining industry, among others.”

Earlier this month, Rudolf Hausladen became the new CEO of BEUMER Group, succeeding Dr Christoph Beumer, who had led the group as CEO since 2000.