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NORMET GROUP OY PRESS RELEASE 28 JUNE 2022 AT 13:30 PM EET
Normet Group acquires Garock Pty Ltd, a manufacturer of ground support systems
Normet Group Oy has entered into an agreement to acquire Garock Pty Ltd, a leading manufacturer and supplier of ground support systems for the mining and civil industries in Australia. With the acquisition, Normet strengthens its portfolio in dynamic ground support in underground mining and construction infrastructure projects.
“This is a strategic acquisition for Normet in the Asia-Pacific market with impact on our global ground support business. With Garock, Australia will become Normet’s Global Centre for Rock Reinforcement R&D with ability to innovate in the future”, comments Ed Santamaria, President and CEO at Normet.
Garock Pty Ltd will trade under the Normet Group from 1[ ]July 2022.
Garock Pty Ltd, founded in 2012, offers highly innovative ground support systems that are fundamental to modern, safe underground mining and civil construction operations. Garock has a manufacturing presence in Western Australia and New South Wales and have 18 employees.
The parties have agreed not to disclose any financial details related to the transaction.
For more information, please contact:
Ed Santamaria, President and CEO, Normet Group Oy
Phone: +358 50 4778102
E-mail: Ed.Santamaria@Normet.com
Normet Group is a fast growing and innovative technology company offering continuous improvement to underground construction and mining processes for increased safety, productivity and profitability. Our complete technical solutions create value through saving costs and shortening process cycle times and are developed based on the welfare of people and on the care of the environment. Normet has a broad offering for underground mining and tunnelling: equipment, construction chemicals, rock reinforcement products and services. Normet currently employs over 1,600 professionals and the net sales in 2021 were EUR 359 million. Normet is a Finnish company operating globally with over 50 locations in 30 countries. For more information, visit: www.normet.com.
Garock Pty Ltd, established in 2012, is a leading manufacturer and supplier of ground support products for the mining and civil industries in Australia and Oceania. Read more on https://garock.com.au/.