Earlier in 2023, Normet announced their minority investment in Lekatech (https://www.normet.com/en/news/normet-continues-to-invest-in-electrification-technology-and-becomes-a-minority-shareholder-of-finland-based-startup-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 is excited to announce that it has acquired the full ownership of Lekatech.
Lekatech is 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 Normet’s overall strategy for expanding our electric offering portfolio and demonstrates our 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.
“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, Lekatech.
Following the transaction Lekatech will continue to operate as an independent company as part of the Normet Group.