Fluor Corporation (NYSE: FLR) announced today the acquisition of the overland conveyor products group from Denmark based FLSmidth & Co. A/S. The acquired business will operate under Fluor’s wholly owned subsidiary, Virta Inc., a U.S.-based provider of design-supply solutions for bulk-material handling across diverse industrial sectors, including mining. This niche acquisition, which closed in the fourth quarter, encompasses all associated intellectual property, technology, employees, and a select portion of the related order backlog, which will be fulfilled by Virta.
“This small acquisition is fully aligned with Virta’s strategic vision and significantly enhances Virta’s core capabilities and brand presence, introducing heavy-duty overland conveyors and Rail-Running Conveyors™ to our portfolio,” said Leo Kaid, President of Virta. “The overland conveyor system market is poised for substantial growth in the coming years. The expanded offering enables Virta to deliver technologically advanced solutions in bulk material handling, complementing our existing product range and positioning Virta as a global leader in comprehensive material handling solutions.”
Overland conveyors deliver substantial capital efficiency by significantly reducing operating expenses compared to the trucking of bulk materials, reducing fossil fuel consumption and minimizing dust emissions. Conveying solutions serve a wide variety of materials, volumes and applications. The mining sector is witnessing rising demand for overland conveyors, driven by the expansion of existing operations and the need to transport ore over extended distances and across challenging terrain.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.
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