By Lynda Myer
The decide of acquiring Rambooms Oy, a manufacturer and supplier of rock breaker boom systems, and Marakon Oy, a supplier of hydraulic hammers and excavator attachments for the construction, crusher and mining industries, has been concluded by Normet.
Forming the Marakon Group, this Rambooms and Marakon businesses, has a manufacturing facility in Lahti, Finland, while it has a wide customer base, and its products are found in most mining and construction markets. Marakon Group has 35 employees and net sales of EUR 26 million in 2022.
According to Ed Santamaria, President and CEO at Normet: “Rambooms and Marakon are known for their high performing quality products. With the acquisition Normet strengthens its position in scaling and breaking as well as supports advancing towards higher levels of automation and electrification for the mining and construction industries. We look forward to welcoming the Marakon Group employees to Normet and supporting them in their future growth and development.”
Also Tomi Veijalainen, President, MRB-Holding Oy stated: “Throughout the past 40 years Marakon and Rambooms have grown together with both our business partners and employees. We feel trustful in the fact that this acquisition will allow for these shared success stories to continue. As this milestone marks a step towards new opportunities to advance and succeed, we are excited to follow the future accomplishments of both companies.”
If the customary closing conditions was fulfilment, the determined date for completion of this acquisition is the first quarter of 2023. Additionally, not revealing any financial details related to the transaction is the decision of parties.
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