Normet acquires Remion, a Finnish IoT solutions developer

Finnish technology company Normet has acquired the Tampere-based startup Remion Ltd, that designs and implements industrial internet service solutions. The deal was closed in February 2023 without disclosing any financial details.

• Founded in 2001, Remion offers innovative IoT solutions and services for various industries, machine and equipment manufacturers, service companies, and development organizations that are fundamental to efficient, forward-thinking operations.
• Remion claims that its solutions increase productivity, create competitive advantage, and cost savings. Among the customers are MacGregor, Sandvik, Epec, TechVilla, and others.
• Normet offers continuous improvement to underground construction and mining processes for increased safety, productivity, and profitability. The company has delivered over 14,000 built-for-purpose underground machines. In January 2023, Normet led the investment for Lekatech, startup which aims to revolutionize different end products in the mining and construction industries.

“The change of ownership doesn’t change the focus for Remion. We look forward to developing IoT and analytics solutions for our customers and to further expand our customer base. Remion will continue to develop its offering and grow under new ownership”, 

Jukka Kivimaki, CEO of Remion says.

• The amount of the acquisition was not disclosed. After the deal, Remion continues to operate as an independent company as part of the Normet Group.