FLEETS

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...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.