Finland’s Normet has taken its four-year collaboration with Kausala-based Lekatech to the next level with a direct investment in the electrification technology company.
Lekatech secured €6.3 million of European Innovation Council (EIC) Accelerator funding in 2021 to advance development of what it calls linear electric technology for power hammers.
Normet continues to invest heavily in electrification of its mining and tunnelling carrier machines.
“Given the successful collaboration in electric hammer field tests between the companies, Normet has become a minority shareholder of Lekatech,” it said this week.
“The investment supports continued growth of Lekatech and commercialisation of their groundbreaking fully electric hammers.
“Lekatech’s ambition supports Normet’s continued progress in mining electrification.”
Normet technology director Samu Kukkonen said Lekatech’s electric hammer was up to 60% more efficient than a conventional hydraulic unit. “The hammer being a digital platform enables intelligent control features that just were not possible before,” he said.
Normet launched its SmartDrive battery-electric vehicle (BEV) offering in 2019.
The company announced earlier this month it was acquiring local company, Marakon, a manufacturer and supplier of hydraulic hammers and excavator attachments for the construction, crusher and mining industries.