Sandvik acquires supplier of battery EV solutions

January 23, 2019

Sandvik Mining and Rock Technology has acquiredArtisan Vehicle Systems in a bid to strengthen its position in the market of battery electric vehicle (EV) solutions.

Atisan, a US manufacturer, provides battery powered underground mining equipment, including battery packs, electric motors, power electronics and software control systems.

Mats Eriksson, president load and haul division, Sandvik, says: “The area in which Artisan is located is a frontrunner in electric vehicle development. Our new R&D foothold there will complement the skillset we have in Finland.”

The transaction is expected to close during the first quarter of 2019.

Source

 

Related Content

July 24, 2020

Aggregates equipment manufacturer Sandvik strengthens North American presence with acquisition of Allied Construction Products

Sandvik Mining and Rock Technology has acquired Allied Construction Products to establish an enhanced sales, service and support platform in North America.

Sandvik says the acquisition will also expand its existing dealer network into new regions and to reach new customers with a broader product offering.

Both parties have had a strategic partnership since 2003, with Allied being the US distributor for Rammer products.

boombox1

Highlighted Content

boombox2