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NORMET GROUP OY PRESS RELEASE 6 MARCH 2023 AT 15:00 EET
Normet acquires Remion, a specialist in industrial internet solutions and advisory services
Normet has acquired Remion Ltd, a specialist in innovative business- and process-enhancing industrial internet solutions and advisory services situated in Finland. Remion employs a team of 28 professionals.
“We see Remion as a critical enabler for our digitalization strategy going forward. Remion’s capabilities in analytics and software development provide a foundation for us to utilize related skillsets in developing the Normet offering. We value Remion’s existing customer base and its significant growth opportunities. We look forward to working together with Remion to tap into these growth opportunities while ensuring that development and support continues with Remion’s existing customers”, comments Riku Helander, Senior Vice President, Services Business Line, at Normet.
“The change of ownership doesn’t change the focus for Remion. We look forward to developing IoT and analytics solutions for our customers and to further expand our customer base. Remion will continue to develop its offering and grow under new ownership”, comments Jukka Kivimäki, CEO at Remion.
Remion, founded in 2001, offers innovative IoT solutions and services for various industries, machine and equipment manufacturers, service companies and development organizations that are fundamental to efficient, forward-thinking operations. Remion is based in Tampere, Finland.
The acquisition was closed in February 2023. The parties have agreed not to disclose any financial details related to the transaction. After the acquisition, Remion continues to operate as an independent company as part of the Normet Group.
For more information, please contact:
Riku Helander, Senior Vice President, Services Business Line, Normet Group Oy
Phone: +358 50 483 6001
E-mail: riku.helander@Normet.com
Normet 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 care of the environment. Normet has a broad offering for underground mining and tunnelling: equipment, construction chemicals, rock reinforcement products and services. Normet Group employs over 1,600 professionals, and the net sales in 2021 were EUR 359 million. Normet is a Finland-headquartered company operating globally in over 50 locations and in 30 countries. For more information, visit: www.normet.com.
Remion designs and implements industrial internet service solutions in order to increase the efficiency of the use of machinery and equipment, as well as business and processes. Our solutions increase productivity, create competitive advantage and cost savings. We are the strategic partner of globally operating companies that utilise industrial internet. Our solutions already enable smarter use of tens of thousands of machines and equipment in various industries. We have 16 years of experience in the development of innovative business- and process-enhancing industrial internet systems and services. Read more at https://www.remion.com.