Epiroc to acquire battery conversion specialist FVT Research

By Chad Elmore16 September 2021

Canadian company has expertise in converting diesel-powered mining machines to battery-electric vehicles.

Epiroc A previously diesel-powered Epiroc Scooptram ST1030 underground mining loader converted by FVT Research into battery electric.

Epiroc, a Swedish manufacturer of equipment for the mining and infrastructure industries, will acquire the business and assets of FVT Research Inc., a Canadian company with expertise in converting diesel-powered mining machines to battery-electric vehicles.

FVT Research, based in Vancouver, British Columbia, Canada, designs diesel-to-battery conversion kits and rebuilds mining machines to electric versions. The company has also recently been part of a successful project to convert the diesel-powered Epiroc Scooptram ST1030 underground mining loader to battery electric. FVT Research has about 25 employees near Vancouver as well as an office in Sudbury, Ontario, Canada.

“Bringing the strong team at FVT Research into the Epiroc Group fits perfectly into our strategy to provide emissions-free battery-electric vehicles,” said Helena Hedblom, Epiroc’s President and CEO. “Our customers are increasingly discovering the significant benefits that come with using battery-electric vehicles, and FVT Research’s technical expertise and competence will be key assets for Epiroc as we continue to provide more solutions in this area.”

The acquisition is expected to be completed in the second half 2021.

NEWSLETTER
Delivered directly to your inbox, New Power Progress newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Hertz to buy 100,000 Tesla vehicles
The vehicle rental company will also invest in new charging infrastructure at its locations
China Yuchai forms JV to develop hydrogen fuel cells
The fuel cells will be developed for both on- and off-road applications
Hydra Energy delivers first hydrogen-converted heavy-duty truck
The conversion kits are said to reduce carbon emissions by up to 40%