Scania takes over Northvolt’s heavy-duty battery pack business amid restructuring

Swedish battery manufacturer Northvolt has reportedly sold its industrial battery pack division, Northvolt Systems Industrial, to long-time customer and partner Scania. The deal, confirmed by the Swedish truckmaker to Reuters, marks another step in Northvolt’s restructuring efforts as it seeks to streamline operations and stabilize its financial position.

The terms of the transaction, including the sale price, have not been disclosed by either company.

Scania acquires Northvolt industrial battery branch

While Northvolt did not initially disclose Scania as the buyer in its official statement, the truck manufacturer confirmed its acquisition of the unit, which will now be integrated into Scania’s power solutions division. This arm of Scania’s business focuses on supplying engines and components for industries such as construction, agriculture, and power generation.

The sale is part of Northvolt’s broader cost-cutting strategy following a tumultuous period, as Northvolt has faced significant financial struggles, including the need for emergency funding to cover salaries and the dismissal of approximately 1,600 employees across its Swedish operations in Skellefteå, Västerås, and Stockholm, as reported in late 2024.

Reuters notes that “The sale of the business unit follows divestments to Norsk Hydro and Volvo Cars as the group seeks to offload projects and divisions to cut costs and focus on its battery plant in northern Sweden”.