Earlier in 2023, Normet announced their minority investment in 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 has now acquired full ownership of Lekatech.
Normet said the investment aligns with its overall strategy for expanding its electric offering portfolio. The company said the fully electric hammer combined with Normet’s SmartDrive battery-electric architecture and 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,” said Kari Hämäläinen, executive vice president, strategic business development for Normet. “We are proud of what has been achieved at Lekatech and we now look forward to the next steps in the joint journey.”
“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 realized that there is a strong cultural fit and that we share the same values”, said Antti Anttila, CEO, Lekatech.
Following the transaction Lekatech will continue to operate as an independent company as part of the Normet Group.
