Normet Group agrees to acquire ground support systems manufacturer Garock Pty
Normet Group Oy has entered into an agreement to acquire Garock Pty Ltd, a manufacturer and supplier of ground support systems for the mining and civil industries in Australia.
With the acquisition, Normet strengthens its portfolio in dynamic ground support in underground mining and construction infrastructure projects.
“This is a strategic acquisition for Normet in the Asia-Pacific market with impact on our global ground support business. With Garock, Australia will become Normet’s Global Centre for Rock Reinforcement R&D with ability to innovate in the future”, comments Ed Santamaria, President and CEO at Normet.
Garock Pty Ltd will trade under the Normet Group from 1 July 2022.
Garock Pty Ltd, founded in 2012, offers highly innovative ground support systems that are fundamental to modern, safe underground mining and civil construction operations. Garock has a manufacturing presence in Western Australia and New South Wales and has 18 employees.
The Normet Group is a fast-growing and innovative technology company offering continuous improvement to underground construction and mining processes for increased safety, productivity and profitability. Headquartered in Finland but with over 50 locations in 30 countries, Normet currently employs over 1,600 professionals.
The parties have agreed not to disclose any financial details related to the transaction.