"The acquisition of Akkurate is aligned with our ambition to enhance and power our customers' safety, productivity and sustainability by supplying our leading battery-electric underground solutions. Whether it's about battery auto-swap technology, increasing voltage, extended battery life or equipment capability and reliability, we aim to lead the industry into the electrification era. We look forward to welcoming Akkurate to the Group," says Mats Eriksson, President of the division Load and Haul within Sandvik Mining and Rock Solutions. Akkurate, founded in 2016 by members of Nokia/Microsoft's battery R&D team, consists of a team of 12 professionals with in-depth knowledge of Li-ion technology. Akkurate's head office and battery laboratory is situated in Kaarina, Finland, close to Sandvik's Turku facility. The transaction was signed and closed on June 17, 2022.