One of Europe’s largest bankruptcy auctions begins: TBAuctions to sell €300M worth of unused Northvolt assets 

TBAuctions, a European multi-brand digital auction platform, announced that it is now selling off the assets in the bankruptcy estate of Northvolt Ett Expansion.

The announcement comes a few days after Sweden-based Scania, announced the acquisition of the Industrial Division of Northvolt Systems.

Largest bankruptcy auctions in Europe

Through exclusive bidding procedures and digital tours, the company aims​ to find new owners for the unused equipment, which has a purchase value of approximately €300M, making this one of the largest bankruptcy auctions in Europe.  

​The auctions include high-tech production equipment and components for various stages of the battery manufacturing process, ranging from pumps and piping systems to electrical cabinets and transformers.

Much of the equipment is unused and unpacked, allowing buyers to access advanced technology and prevent waste.

In addition to the online auctions, some sales will also be conducted through private bidding procedures.

These items are generally more complex and can be sold as complete production lines.

It includes more active outreach to qualified buyers worldwide and allows for in-depth discussions with a select group of interested parties. 

“As a bankruptcy trustee, our primary interest is to liquidate the assets as advantageously as possible for the creditors. By collaborating with PS Auction, we ensure a structured and efficient process to maximize the outcome for the bankruptcy estate,” says Jonas Premfors, bankruptcy trustee at DLA Piper. 

Developing digital walkthroughs

To facilitate the process, PS Auction uses specially developed 3D technology for digital walkthroughs, allowing interested buyers to navigate the factory environment and closely examine the equipment. 

“The auction provides a unique behind-the-scenes look at Sweden’s most talked-about industrial project and a rare opportunity for large-scale reuse. These are significant assets for companies that are seriously investing in vehicle electrification,” says Per Henriksson, CEO of PS Auction.  

In addition, the CEO of TBAuctions, Tom Christenson, adds, “This auction not only reflects the scale and complexity of Europe’s industrial landscape, but also our core belief in giving high-value assets a second life. By facilitating large-scale reuse through digital innovation, PS Auction and the TBAuctions group are helping industries recover value, reduce waste, and move closer to a truly circular economy.”