Artisan Vehicle Systems has been acquired by Sandvik
February 2019 — 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.
Our role in the transaction
Oaklins' team in Los Angeles advised the seller in this transaction.
Talk to the deal team
Gary Rabishaw
Oaklins Intrepid
James Freedman
Oaklins Intrepid
Jonathan Zucker
Oaklins Intrepid
Kyle Berkman
Oaklins Intrepid
Related deals
Nexxtlab has successfully raised funding to support its growth
Nexxtlab, a Luxembourg-based energy technology company, has raised growth capital from an experienced international energy player. The investment marks an important milestone in Nexxtlab’s development and will support the company’s commercial expansion across Europe, continued product innovation and the further scaling of its energy management platform.
Learn moreF.EE has been acquired by One Equity Partners
F.EE GmbH, one of Germany’s leading providers of innovative solutions in mechanical engineering, automation hardware, cabinet control, software and robot programming, has been acquired by One Equity Partners. This transaction will strengthen the private equity firm’s operations in the industrial automation space. The sellers have reinvested and will remain involved in the business for the coming years.
Learn moreEmpresa Eléctrica Cochrane has completed a corporate restructuring and liability management process
AES Andes S.A. has completed a corporate restructuring and liability management process that included the acquisition of Toesca’s indirect interest in Empresa Eléctrica Cochrane S.p.A. (Cochrane); the prepayment of Cochrane AES’s 5.50% 2027 international bond; the exchange of Cochrane’s BCOCH-A local bonds for new international bonds issued in Rule 144A/Regulation S format for US$485 million; and the merger between Cochrane and AES Andes.
Learn more