Swedish company Scania acquires Northvolt Systems’ Industrial Division

Sweden-based Scania, an automotive company, announced the acquisition of the Industrial Division of Northvolt Systems.

The acquisition includes production capabilities, a research and development centre, and a team of approximately 260 employees.

Northvolt Systems Industrial Division develops and manufactures battery systems for heavy industry and off-highway market segments.

The acquired business will work alongside Scania Power Solutions as an independent venture within Scania Ventures and New Business.

This supports the goal of developing businesses that boost Scania’s long-term competitiveness.

The operations are based in two locations — a leased production facility in Gdańsk, Poland, and an R&D center in Tomteboda, Stockholm, Sweden.

“By combining Northvolt Systems Industrial Division’s battery expertise with Scania’s deep industry knowledge, we are not only driving innovation but also strengthening our ability to serve our customers in their transition journeys. This acquisition demonstrates how Scania Ventures and New Business leverage our capabilities in opportunity identification, M&A, and growth-stage company management to enable our core business and enhance our position as a transformation partner for our customers — all in support of a more sustainable transport system,” says Jonas Hernlund, Head of Energy & Infrastructure at Scania Ventures and New Business.

Northvolt filed bankruptcy in Sweden

The announcement comes a few weeks after the company filed for bankruptcy in Sweden.

Northvolt, like many companies in the battery sector, has faced several significant challenges recently that have eroded its financial stability.

Despite trying various methods to restructure financially, including filing for Chapter 11 in the United States and obtaining support from lenders, Northvolt could not secure the necessary funding to continue operating as it is.

“Since 2017, Northvolt Systems Industrial has developed advanced battery systems for machines operating in demanding environments such as construction, mining, and material handling. Our flagship solution, Voltpack Core, reflects our ability to meet real-world industrial challenges. Joining Scania marks the next chapter in our journey. This acquisition brings together two strong legacies in electrification and powertrain innovation. I am confident that, together, we will strengthen our capabilities and deliver even greater value to our customers,” says Elin Åkerström, Vice President Northvolt Systems Industrial.