Go to deals
Energy | Industrial Machinery & Components | Other Industries

Artisan Vehicle Systems has been acquired by Sandvik

California-based Artisan Vehicle Systems, engaged in electric underground mining equipment, has been acquired by Swedish Sandvik, which intends to develop and produce electric versions of its mining vehicles. Financial details have not been disclosed.

Artisan Vehicle Systems is a manufacturer of battery powered underground mining equipment. The company's core technology is battery packs, electric motors, power electronics, software and control systems. Artisan’s underground mining loaders and trucks are designed with these high-powered, highly reliable and field-proven battery electric powertrains. Artisan is the market leader with most battery electric vehicles currently operating in underground mining.

Sandvik is a high-technology engineering group specializing in tools and tooling systems for metal cutting, equipment, tools and services for the mining and construction industries, products in advanced stainless steel and special alloys as well as products for industrial heating.

Oaklins' team in Los Angeles advised the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 Gary S. Rabishaw

Gary S. Rabishaw

Managing Director

Los Angeles, United States
Oaklins Intrepid
 James  Freedman

James Freedman

Managing Partner

Los Angeles, United States
Oaklins Intrepid
 Jonathan  Zucker

Jonathan Zucker

Managing Director

Los Angeles, United States
Oaklins Intrepid
 Kyle  Berkman

Kyle Berkman

Associate Director

Los Angeles, United States
Oaklins Intrepid

Related deals

Navitas Petroleum has issued bonds worth US$117 million
Energy

Navitas Petroleum has issued bonds worth US$117 million

Navitas Petroleum has completed a fundraising to refinance and develop the company.

Learn more
Fameco Group has been acquired by Keller & Kalmbach
Industrial Machinery & Components

Fameco Group has been acquired by Keller & Kalmbach

Fameco Holding AB has sold Fameco Group AB to Keller & Kalmbach GmbH (K&K).

Learn more
Royal IHC has sold Fundex Equipment to Hydrauvision
Industrial Machinery & Components

Royal IHC has sold Fundex Equipment to Hydrauvision

Royal IHC, a supplier of innovative and efficient equipment, vessels and services for the offshore, dredging and wet mining markets, has sold Fundex Equipment B.V. to Hydrauvision.

Learn more