SMS Equipment is expanding into Europe with the acquisition of Suomen Rakennuskone Oy, a Finland-based distributor of construction and mining machinery.
The acquisition expands SMS Equipment’s global footprint, which includes operations in Alaska and Mongolia.
“The acquisition of Suomen Rakennuskone Oy represents an important milestone in our international growth,” said 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.”
Established in 1992, Suomen Rakennuskone Oy provides heavy equipment sales, maintenance, parts, training and technical support to customers across Finland. Headquartered in Pirkkala, the company operates branches in Kempele, Kuopio, Vantaa and Kevitsa, and is the nation’s exclusive dealer of Komatsu mining and construction equipment.
In addition to supporting Finland’s 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.
“SMS Equipment’s expertise and best practices have been honed in some of the world’s most demanding mining environments,” said 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.”
