Scania has announced it has officially acquired the industrial division of battery producer Northvolt Systems.
The acquisition includes Northvolt’s production capabilities, research and development centre and team of approximately 260 people. Scania will also take control of Northvolt’s leased production facility in Poland and research and development centre in Stockholm, Sweden.
Northvolt develops and manufactures battery systems for heavy industry and off-highway market segments, with the brand set to join Scania’s Power Solutions business unit.
Scania Power Solutions head Sara Hermansson says the acquisition will strengthen Scania’s electrification offering for off-road applications.
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“Northvolt Systems Industrial Division brings valuable expertise in battery technology and assembly. Their capabilities strengthen our modular approach and support the development of complete electrified solutions for off-road applications,” Hermansson says.
“I’m pleased to welcome the team to Scania.”
The acquired business will be a partner to Scania Power Solutions and operate as a stand-alone venture within Scania Ventures and New Business, aligning with its strategy to develop complementary and transformational businesses that strengthen Scania’s long-term competitiveness.
“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,” Scania Ventures and New Business head of energy and infrastructure Jonas Hernlund says.
“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.”
As part of the acquisition process, Scania has reached an agreement with the trustee to acquire Northvolt Systems Industrial Division. The parties have agreed not to disclose the purchase price.
“Since 2017, Northvolt Systems Industrial has developed advanced battery systems for machines operating in demanding environments such as construction, mining and material handling,” Northvolt Systems Industrial vice president Elin Åkerström says.
“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.”
Scania and the trustee have agreed on a deal that ensures continuation of operations. Following the acquisition, Northvolt Systems Industrial’s operations will continue with business as usual.
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