Lekatech acquired by Normet
Normet acquire full ownership of Finnish start-up company pioneering linear electric hammer technology
HAVING announced a minority investment in Lekatech in 2023, Normet have now acquired full ownership of the Finnish start-up company, which was founded in 2018 with the aim of revolutionizing the mining, quarrying, and construction industries by introducing linear electric technology for hammering applications.
Normet say the investment aligns with their overall strategy of expanding their electric offering portfolio and demonstrates their search for related, mutually beneficial technologies. They add that Lekatech’s 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,’ commented Kari Hämäläinen, executive vice-president of strategic business development at Normet. ‘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.’
Antti Anttila, chief executive officer of Lekatech, said: ‘Normet will enable us to expand and speed up the adoption of the electric hammering technology across industries on a global scale. Having collaborated with them for several years, we have realized that there is a strong cultural fit and that we share the same values.’
Following the transaction, Lekatech will continue to operate as an independent company as part of the Normet Group.
