Announcement

Tuesday, August 23, 2011

Normet acquires Essverk Berg truck based mine utility vehicles

Normet will acquire the entire equipment and service business for mining and tunnelling, including relevant assets and employees.

Mr Aaro Cantell chairman of Normet said that “The acquisition of Essverk gives Normet a physical presence in Sweden and allows us to better serve our customers in Sweden and Norway. Essverk will be the base for our operations in Sweden and Norway and we have a very strong commitment to develop and grow the combined business, under the new name of Normet Scandinavia.”

Mr Tom Melbye president of Normet Group said that “From a technology point of view. Essverk is completing very well the Normet product range with its expertise in truck-based and lifting equipment and also provides extra manufacturing capacity. The company will also be the development and competence centre for truck based equipment including existing Essverk offering, concrete spraying and new developments.”

Mr Tryggve Sjöberg current owner of Essverk and designated head of sales and service for Normet Scandinavia said that “Joining Normet, on the other hand, provides Essverk Berg and its employees with an interesting future perspective in terms of growth potential and development.”

Normet is a globally operating and fast growing Finnish technology company. It provides advanced solutions for selected customer processes in underground mining. The group develops, manufactures and markets machines as well as construction chemicals for underground processes such as tunnel support by mobile robotised concrete spraying, automated explosive charging and underground logistics. Normet’s offering includes a comprehensive range of life time care services around the equipment and around the processes they are used for.

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