Ludowici Group

Founded in 1858, Ludowici Limited (controlled by Ludowici Group) publicly listed on the Australian Securities Exchange in 1911. In 2012, Ludowici Limited was acquired for $388m AUD (cash & debt free) by FLSmidth of Copenhagen, Denmark. FLSmidth delisted the public company and merged Ludowici's mining related business stream into their global operations. At the time of settlement, FLSmidth employed over 12,000 people across 50 countries worldwide and generated sales of more than $2b Euros. In 2014, Ludowici Group sold Ludowici Engineered Rubber to Mageba of Switzerland. At the time of settlement, Mageba employed over 800 people across 45 countries worldwide and generated sales of more than $80m Euros. In 2015, Ludowici Group sold Ludowici Sealing Solutions to Freudenberg of Germany. At the time of settlement, Freudenberg employed over 40,000 people across 60 countries worldwide and generated sales of more than $7b Euros. Today, Ludowici Group continues to manage investments around the world.