SMS equipment acquires Suomen Rakennuskone Oy

[Ben Graham]

Canadian heavy equipment dealer SMS Equipment announced its expansion into Europe Thursday with the acquisition of Suomen Rakennuskone Oy, a distributor of construction and mining machinery in Finland.  

The aquisition expands SMS Equipment’s global footprint, which also includes operations in Alaska and Mongolia.    

“The acquisition of Suomen Rakennuskone Oy represents an important milestone in our international growth,” SMS Equipment CEO Robin Heard said in a news release. “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.