M&A Deal Summary

Sandvik Acquires Artisan Vehicle Systems

On January 22, 2019, Sandvik acquired machinery company Artisan Vehicle Systems

Acquisition Highlights
  • This is Sandvik’s 7th transaction in the Machinery sector.
  • This is Sandvik’s 9th transaction in the United States.
  • This is Sandvik’s 2nd transaction in California.

M&A Deal Summary
Date 2019-01-22
Target Artisan Vehicle Systems
Sector Machinery
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Artisan Vehicle Systems

Camarillo, California, United States
Artisan Vehicle Systems, Inc. is a manufacturer of battery-powered underground mining equipment, based in Camarillo, California, USA.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 15 of 55
Sector (Machinery) 7 of 11
Type (Add-on Acquisition) 12 of 49
State (California) 2 of 3
Country (United States) 9 of 23
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Wetmore Tool & Engineering

Chino, California, United States

Wetmore Tool & Engineering, Inc. is a manufacturer of round tools specialized for the aerospace industry. Wetmore Tool & Engineering was founded in 1950 and is based in Chino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Newtrax Technologies

Montreal, Quebec, Canada

Newtrax Technologies, Inc. is a provider of technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment.

Buy -
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