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Mincon buys Finnish firm Lehti

Irish rock drilling equipment supplier Mincon has acquired Finland-based construction and geotechnical equipment manufacturer Lehti Group for €8 million (US$8.9 million). The deal gives Mincon control of the manufacturing of a large part of the product range it acquired with its takeover of PPV three years ago

Staff reporter
Mincon's acquisition of Lehti will give it greater control over the product range it acquired from PPV in 2017, broker Davy has said

Mincon's acquisition of Lehti will give it greater control over the product range it acquired from PPV in 2017, broker Davy has said

Mincon is Lehti's biggest customer, accounting for €9 million of the company's €13 million revenue in 2019. Lehti generated €2.2 million of EBITDA in 2019. The acquisition of Lehti follows on from the...

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