SMS Equipment acquires Finnish equipment dealer
The Canadian heavy equipment dealer will take on new challenges in global mining
Canadian heavy equipment dealer SMS Equipment will expand further into Europe with the acquisition of Suomen Rakennuskone Oy, a Finnish distributor of construction and mining machinery. The purchase expands SMS Equipment's global footprint, which also includes operations in Alaska and Mongolia.
Established in 1992, Suomen Rakennuskone Oy provides heavy equipment sales, maintenance, parts, training, and technical support to contractors across Finland. Headquartered in Pirkkala, the company operates branches in Kempele, Kuopio, Vantaa, and Kevitsa, it is the nation's exclusive dealer of Komatsu mining and construction equipment. In addition to supporting Finland's robust construction industry, Suomen Rakennuskone Oy serves the country's growing mining sector, which is anchored by nickel and gold production, and supported by significant reserves of cobalt and lithium.
"The acquisition of Suomen Rakennuskone Oy represents an important milestone in our international growth," says Robin Heard, SMS Equipment president and CEO. "Through the expansion, we're able to extend our depth of expertise developed in global mining and construction segments, and work with Suomen Rakennuskone Oy to further develop these industries in Finland. Together, we will evolve our global capabilities and strengthen the value we deliver to all our customers."
SMS Equipment brings decades of mining experience to the Finnish market, leveraging strong synergies with its new local partners.
"SMS Equipment's expertise and best practices have been honed in some of the world's most demanding mining environments," says Jared Collins, managing director of Suomen Rakennuskone Oy. "With this acquisition, we're combining the global experience with Suomen Rakennuskone Oy's deep local knowledge and longstanding customer relationships."
