The deal strengthens Normet's portfolio in dynamic ground support products
Piper Alderman has assisted Finland-based construction and machinery equipment company Normet Group Oy on its acquisition of Garock Pty Ltd, an Australian manufacturer and supplier of ground support systems for the mining and civil industries.
According to Normet, the transaction strengthens the company’s portfolio in dynamic ground support products and intensifies its capability for 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,” Normet president and CEO Ed Santamaria said. “With Garock, Australia will become Normet’s Global Centre for Rock Reinforcement R&D with ability to innovate in the future.”
Pursuant to the deal, Garock has been trading under the Normet since 1 July. However, the two companies have yet to disclose any financial details related to the acquisition.
Corporate partner James Dickson helmed the Piper Alderman deal team alongside senior associate Liam Higgins. The team advised on all aspects of the deal, including due diligence, preliminary negotiations, and drafting and negotiating the transaction documentation.
Partners Tim O’Callaghan, Emily Haar and Adam Rinaldi and their teams also offered expert advice on IP, employment, and real property issues arising from the transaction process.