Piper Alderman advises Normet Group Oy on acquisition of Garock
02/09/2022
Piper Alderman has advised Normet Group Oy (Normet) on its acquisition of a leading Australian manufacturer and supplier of ground support products for the mining and civil industries, Garock Pty Ltd (Garock).
Normet is a Finland-headquartered, global innovative technology company offering continuous improvements to underground construction and mining processes with a focus on increased safety, productivity and profitability. Normet employs over 1,600 professionals and operates globally in over 50 locations and 30 countries. As part of this acquisition, Normet has strengthened its portfolio in respect of dynamic ground support products and its capability for underground mining and construction infrastructure projects.
Ed Santamaria, President and CEO of Normet said:
“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”.
The Piper Alderman deal team, led by corporate partner James Dickson and senior associate Liam Higgins, advised Normet on all aspects of the transaction, including in relation to due diligence, preliminary negotiations, drafting and negotiating the transaction documentation and completion. Partners Tim O’Callaghan, Emily Haar, Adam Rinaldi and their teams also provided important advice in respect of a range of intellectual property, employment and real property issues as part of the transaction process.
Kimmo Karihtala, General Counsel of Normet, said:
“Thanks to James and Liam and the team at Piper Alderman for assisting us in navigating the complexities of this transaction with practical and commercial legal solutions delivered in a timely manner”.
James Dickson, Partner | Corporate of Piper Alderman, said:
“It was a pleasure to have advised Normet on this important transaction and to support Normet on its continued growth, particularly in the Asia-Pacific region.”
Related media coverage:
- Normet acquires Australian mining and civil industries manufacturer – Lawyers Weekly, 7 September 2022
- Piper Alderman assists Normet Group on Garock acquisition – Australasian Lawyer, 5 September 2022
- Normet Group Oy’s Acquisition of Garock Pty Ltd – Global Legal Chronicle, 3 September 2022 (Paywall)