Advium acted as the financial advisor to the sellers when the founders, personnel, Lifeline Ventures and other investors sold Akkurate to Sandvik.

Akkurate is a frontrunner in holistic battery management, providing remote battery diagnostic and prognostic platforms. The transaction strengthens Sandvik’s electrification competence and know-how in battery analytics, accelerating the expansion into battery-electric vehicles.

More information: Sandvik’s press release