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Mincon buys Nordic supplier Lehti

Irish drilling supplier Mincon has acquired Finland-based construction and geotechnical equipment-maker Lehti for €8 million. The deal gives Mincon control of the manufacturing of a large part of the product range it acquired with its takeover of PPV three years ago.

Mincon buys Nordic supplier Lehti Mincon buys Nordic supplier Lehti Mincon buys Nordic supplier Lehti Mincon buys Nordic supplier Lehti Mincon buys Nordic supplier Lehti

Mincon's acquisition of Lehti will give it greater control over the product range it acquired from PPV in 2017, broker Davy has said

Mincon is Lehti's biggest customer, accounting for €9 million of the company's €13 million revenue in 2019. Lehti generated €2.2 million of EBITDA in 2019.