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NORMET GROUP LTD. PRESS RELEASE 30 AUGUST 2024 AT 11:00 AM EEST
Earlier in 2023, Normet announced their minority investment in Lekatech (https://www.normet.com/en/news/normet-continues-to-invest-in-electrification-technology-and-becomes-a-minority-shareholder-of-finland-based-startup-lekatech/), a Finnish start-up company founded in 2018 with the ambition to revolutionize hammering technologies by introducing linear electric technology for hammering applications. Normet is excited to announce that it has acquired the full ownership of Lekatech.
Lekatech is a pioneer in electric hammering technologies used in the mining, quarrying and construction industries. The company has its premises in Iitti, Finland.
For Normet, the investment aligns with Normet’s overall strategy for expanding our electric offering portfolio and demonstrates our search for related, mutually beneficial technologies. The fully electric hammer combined with Normet SmartDrive® battery-electric architecture and Normet XRock® boom and breaker systems will define the future of underground scaling and breaking.
“Lekatech’s revolutionary linear electric hammering technology further strengthens our resolve to lead the electric transformation in the industry. We are proud of what has been achieved at Lekatech and we now look forward to the next steps in the joint journey. We are excited to welcome Lekatech’s experts to Normet”, comments Kari Hämäläinen, Executive Vice President, Strategic Business Development at Normet.
“Normet enables us to expand and speed up the adoption of the electric hammering technology across industries on a global scale. Having collaborated with Normet for several years we have realised that there is a strong cultural fit and that we share the same values”, says Antti Anttila, CEO, Lekatech.
Following the transaction Lekatech will continue to operate as an independent company as part of the Normet Group.
For more information, please contact:
Kari Hämäläinen, Executive Vice President, Strategic Business Development, Normet Group Ltd.
Tel: +358 40 084 5645
Email: kari.hamalainen[a]Normet.com
Antti Anttila, CEO, Lekatech Oy
Tel: +358 40 742 6565
Email: antti.anttila[a]lekatech.fi
Normet is a world-leading, innovative technology company. We define the future of underground operations in mining, tunnelling, and civil engineering projects, helping our partners increase safety, sustainability, and productivity throughout the lifecycle of their projects. Since 1962 we have developed our offerings to include a complete portfolio of mining and tunnelling solutions covering the core processes. Headquartered in Finland, we employ over 1,800 dedicated professionals in more than 50 locations in 30 countries around the world, committing to long-term, mutually beneficial partnerships that create value in our industry and society as a whole. Normet Group net sales totalled EUR 484 million in 2023. Get to know us better at www.normet.com.
LEKATECH is a startup company established in 2018. Lekatech is a pioneer in electric hammering technologies used in the mining, quarrying and construction industries. Lekatech has developed unique electric impact hammer technology, the first of its kind in the world. The company is recognized by several European funding instruments, international OEMs and users. Lekatech is headquartered in Iitti, Finland. Read more at lekatech.fi.