Normet has taken full ownership of Lekatech, a company founded in 2018 to introduce linear electric technology for hammering applications in mining, quarrying and construction.
The acquisition comes after Normet last year took an initial minor stake in the Finnish start-up. It aligns with Normet’s overall strategy for expanding its electric offering portfolio and acquiring related, mutually beneficial technologies.
Lekatech’s fully electric hammer combined with Normet SmartDrive battery-electric architecture and Normet XRock boom and breaker systems will, says Normet, “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 of Lekatech.
Following the transaction, Lekatech will continue to operate as an independent company as part of the Normet Group.
