Normet Group logo — Defining the Future Underground

Normet Group

Defining the Future Underground

Founded 1962 Finland Finland 1926 employees Industrial, Manufacturing +1

General Information

Company Name Normet Group
Founded Year 1962
Location Finland Finland
Employees 1926
Industries Industrial, Manufacturing, Construction
Business Model B2B, SaaS, Platform
Revenue Model Project Based, Product Sales, Subscription
Offices as of Sep 2026
Espoo, Finland Peltosalmi, Finland Iitti, Finland Lahti, Finland Oulu, Finland Torrensville, Australia West Kalgoorlie, Australia Mount Isa, Australia Midvale, Australia Wetherill Park, Australia Wangara, Australia Shatin, Hong Kong S.a.r.
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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Product Launch Sep 15, 2026

Normet Group has launched a new ground support system, the HX-Bolt, which simplifies ground support by combining primary and secondary support.

Event Participation Sep 14, 2026

Normet Group is preparing to participate as an exhibitor at the Mining & Metals Central Asia event, scheduled for September 16-18 in Almaty.

New Office Sep 04, 2026

Normet Group has celebrated the grand opening of its new Technology Center in Pirkkala, Finland, expanding its R&D and testing capabilities for underground mining and tunnelling solutions.

Major Customer Win Sep 03, 2026

Normet Group secured Tommi Mäkinen as a customer, with him utilizing the Normet Xrock XB18 hydraulic breaker for a construction project on a Finnish island.

AI Insight

Bounce Watch AI
3 days ago

Normet Group is demonstrating a dual strategic focus on product innovation and market expansion, signaling continued dynamism in underground operations. The upcoming launch of the HX-Bolt, an advanced ground support system, highlights their commitment to enhancing client safety and productivity. Concurrently, their planned exhibition at the Mining & Metals Central Asia event underscores efforts to strengthen market presence and explore new growth opportunities in the region.

Signal Types
Product Launch Market Expansion
Strategic Labels
Product Innovation Market Expansion Industry Engagement
Next Move: Expansion
·
Impact: 7/10
·
Ideal For: Industrial Tech Growth Equity Investors

About Normet Group

Normet Group, headquartered in Finland, is a pioneering leader in underground operations technology, focusing on mining, tunnelling, and civil engineering. Founded in 1962, the company operates under the slogan "Defining the Future Underground," reflecting its commitment to innovation and sustainability.

With a workforce of over 1,800 professionals across more than 50 locations in 30 countries, Normet champions collaborative, long-term partnerships with clients to optimize the safety, productivity, and sustainability of their projects. The company's comprehensive portfolio includes solutions for the entire process chain, emphasizing emerging technologies such as digitalization, extended reality, and automation.

In 2024, Normet Group reported net sales of EUR 482 million, highlighting its strong market presence. Despite no recent investments, the company’s track record positions it as a promising entity for investors focused on industrial innovation and sustainable development.

Taxonomy: Underground Operations, Mining Solutions, Tunnelling Solutions, Civil Engineering Projects, Safety Enhancement, Productivity Improvement, Digitalisation, Extended Reality, Construction Chemicals, Rock Reinforcement, Explosives Charging Equipment, Concrete Spraying Technology, Underground Logistics

Services & Products

End-to-End Solutions for Underground Mining
Sprayed Concrete Equipment and Services
Dynamic Support Bolting Systems
Electrified Mining Fleet
Remote Monitoring and Fleet Management
Rock-Breaking Solutions

Target Customers

Mining Companies Tunnelling Contractors Civil Construction Firms

No funding data available for Normet Group yet.

Normet Group Alternatives & Competitors

Normet Group vs

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FAQ About Normet Group

Defining the Future Underground
Normet Group was founded in 1962.
Normet Group is headquartered in Finland. As of Sep 2026, it also has offices in Espoo, Finland, Peltosalmi, Finland, Iitti, Finland, Lahti, Finland and Oulu, Finland.
Normet Group operates in Industrial, Manufacturing and Construction. Its work centres on Underground Operations, Mining Solutions, Tunnelling Solutions and Civil Engineering Projects. Its customers include Mining Companies, Tunnelling Contractors and Civil Construction Firms.
Normet Group has a B2B, SaaS and Platform business model. Its revenue comes from Project Based, Product Sales and Subscription.
Normet Group has approximately 1926 employees.
Normet Group offers: End-to-End Solutions for Underground Mining, Sprayed Concrete Equipment and Services, Dynamic Support Bolting Systems, Electrified Mining Fleet, Remote Monitoring and Fleet Management, Rock-Breaking Solutions.
Top alternatives and competitors to Normet Group include Komatsu North America, KEMROC, FDS PRO, Concrete Canvas Ltd, Contech. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Normet Group and Komatsu North America are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Normet Group, https://bouncewatch.com/company/normet-group, updated 26 September 2026. When citing, please name BounceWatch and link this page.

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