Normet continues to invest in electrification technology and becomes a minority shareholder of Switzerland-based Motics
NORMET GROUP OY PRESS RELEASE 18 AUGUST 2023 AT 13:00 EEST
Normet continues to invest in electrification technology and becomes a minority shareholder of Switzerland-based Motics
Normet has made an equity investment in Swiss company Motics, a specialist of electric driveline solutions. Through this and other innovative investments, Normet continues to pave the way for cleaner and more sustainable underground mining and tunnelling.
Aliva Equipment, which was acquired by Normet in 2022 from Sika SG, and Motics’ collaboration goes back to 2020 with the development of an electric powerline for mobile Aliva 520 concrete sprayer as its spearhead solution. Normet’s investment supports the continued growth of Motics and provides Normet with the opportunity to expand electrification in its existing and future products.
“The investment is part of our strategy to expand our offering in electrification in mining and tunnelling. With Motics’ technology expertise Normet is expanding its knowledge and scaling up its electrification efforts,” comments Ed Santamaria, President and CEO at Normet.
“Motics is excited about Normet's investment, as it will provide us with significant growth opportunities. With Normet's support, we can expand our technological expertise, scale our electrification solutions, and tap into new markets, driving our company's growth. This partnership will propel Motics forward, enabling us to reach more customers and accelerate the adoption of sustainable and innovative electric driveline solutions,” says Christoph Fässler, Co-founder of Motics.
For more information, please contact:
Ed Santamaria, President and CEO, Normet Group Oy
Phone: +358 50 4778102
Email: Ed.Santamaria@Normet.com
Christoph Fässler, Co-founder, Motics
Phone: +41 244 05 59
Email: christoph.faessler@motics.ch
Normet is a world-leading, innovative technology company. We define the future of underground operations in mining, tunnelling, and civil engineering projects, helping our partners increase safety, sustainability, and productivity throughout the lifecycle of their projects. Since 1962 we have developed our offerings to include a complete portfolio of mining and tunnelling solutions covering the entire process chain. Headquartered in Finland, we employ over 1,700 dedicated professionals in more than 50 locations in 30 countries around the world, committing to long-term, mutually beneficial partnerships that create value in our industry and society as a whole. Company revenue was EUR 439 million in 2022. Get to know us better at www.normet.com.
Motics is a cutting-edge and forward-thinking company, in electric drive solutions for off-highway applications, with a particular focus on underground mining and the tunneling industry. Our advanced ePowerOne platform allows us to stay at the forefront of technological advancements and constantly transfer them into our products and project. Headquartered in Brunnen, Switzerland, Motics operates globally. With a dedicated team of experts, we are driving the transition towards a future without the reliance on fossil fuels. Join us as we revolutionize industries and contribute to a more sustainable and environmentally friendly world. Visit: www.motics.ch.