Scania Expands Electrification Capabilities with Northvolt Acquisition

In a strategic move to bolster its electrification efforts, Volkswagen AG's Scania has acquired the Northvolt Systems Industrial unit. This acquisition includes production facilities, a data and research center, and nearly 260 employees, marking a significant step forward in Scania's commitment to sustainable transportation solutions.

A Partnership for the Future

The newly acquired unit will collaborate closely with Scania Power Solutions, operating as an independent venture under Scania Ventures and New Business. While financial details remain undisclosed, the deal underscores Scania's focus on integrating advanced battery technology into its operations.

Expertise in Battery Technology

Sara Hermansson, head of Scania Power Solutions, highlighted the value of Northvolt's expertise in battery technology and assembly. "Their capabilities are a perfect match for our modular approach, enabling us to develop comprehensive electrified solutions for off-road applications," Hermansson stated, welcoming the Northvolt team to Scania.

Northvolt's Financial Challenges

This acquisition comes after Northvolt faced financial difficulties, filing for bankruptcy in Sweden in March and seeking Chapter 11 bankruptcy protection in the United States as part of its debt restructuring efforts.