Normet, looking to lead the electric tranformation in the industry, has announced that it has acquired the full ownership of Lekatech.
Earlier in 2023, Normet announced its minority investment in Lekatech, a Finnish start-up company founded in 2018 with the ambition to revolutionise hammering technologies by introducing linear electric technology for hammering applications.
Lekatech calls itself 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 its overall strategy for expanding its electric offering portfolio and demonstrates its 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.
Kari Hämäläinen, Executive Vice President, Strategic Business Development at Normet, said: “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.”
Antti Anttila, CEO, Lekatech, added: “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.”
Following the transaction, Lekatech will continue to operate as an independent company as part of the Normet Group.
