Sandvik has completed the previously announced acquisition of Artisan Vehicle Systems
Artisan is a supplier of BEV solutions
Artisan, a US-based supplier of battery electric vehicle solutions for underground mining, will now be a business unit in the load and haul division within Sandvik Mining and Rock Technology.
Artisan is a start-up company, which in 2017 had revenues of US$12.3 million and employed approximately 60 employees.
The parties have agreed not to disclose the purchase price.
MM recently spoke to Sandvik about the acquisition and its work in the electrification space.
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