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.

Parties

Talk to the deal team

Gary S. Rabishaw

Managing Director
Los Angeles, United States
Oaklins Intrepid

James Freedman

Managing Partner
Los Angeles, United States
Oaklins Intrepid

Jonathan Zucker

Managing Director
Los Angeles, United States
Oaklins Intrepid

Kyle Berkman

Associate Director
Los Angeles, United States
Oaklins Intrepid

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more
East Metal has been acquired by management and private investors
Industrial Machinery & Components

East Metal has been acquired by management and private investors

The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.

Learn more
Quantum Base Holdings plc has completed its official admission to AIM
Industrial Machinery & Components

Quantum Base Holdings plc has completed its official admission to AIM

Quantum Base began trading on the London Stock Exchange’s AIM market under the ticker QUBE following a US$6.4 million (£4.8 million) fundraising round. The company develops Q-ID tags, a quantum-based authentication technology designed to prevent counterfeiting by leveraging atomic-level randomness. Proceeds from the listing will fund product development and commercial expansion, including new operational and commercial hires.

Learn more