Divestiture • Electrical Equipment

Lyten Acquires Northvolt - Battery Energy Storage System Product Portfolio

On July 28, 2025, Lyten acquired electrical equipment company Northvolt - Battery Energy Storage System Product Portfolio from Northvolt

Acquisition Context
  • This is Lyten’s 2nd transaction in the Electrical Equipment sector.
  • This is Lyten’s 1st transaction in Sweden.

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M&A Deal Summary

Date July 28, 2025
Target Northvolt - Battery Energy Storage System Product Portfolio
Sector Electrical Equipment
Buyer(s) Lyten
Sellers(s) Northvolt
Deal Type Divestiture

Target Company

Northvolt - Battery Energy Storage System Product Portfolio

Stockholm, Sweden
Northvolt's Battery Energy Storage System Product Portfolio is designed for commercial energy storage applications and has existing installations. Northvolt's Battery Energy Storage System Product Portfolio is based in Stockholm, Sweden.
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Buyer Overview 1

Buyer

Lyten

San Jose, California, United States

Category Company
Founded 2015
Sector Electrical Equipment
DESCRIPTION

Lyten is a provider of lithium-sulfur battery technology. Lyten’s proprietary processes permanently sequester carbon from methane in the form of 3D Graphene and they utilize the tunable supermaterial to develop decarbonizing applications. Lyten was founded in 2015 and is based in San Jose, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Electrical Equipment 2 of 2
Type: Divestiture 2 of 2
Country: Sweden 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-13 Cuberg - San Leandro lithium-metal battery manufacturing facility and cell making equipment

San Leandro, California, United States

Cuberg's San Leandro lithium-metal battery manufacturing facility and cell making equipment is a 119,000 square foot facility in San Leandro that includes manufacturing, office, and warehouse space.

Buy -

Seller Profile 1

SELLER

Northvolt

Stockholm, Sweden

Category Company
Founded 2016
Sector Electrical Equipment
DESCRIPTION

Northvolt is a supplier of sustainable, high-quality battery cells and systems. Northvolt has made swift progress on its mission to deliver lithium-ion battery with a minimal CO2 footprint and has grown to over 4,500 people from over 110 different nationalities. Northvolt was founded in 2016 and is based in Stockholm, Sweden.


Deal Context for Seller #
Overall 2 of 2
Sector: Electrical Equipment 2 of 2
Type: Divestiture 2 of 2
Country: Sweden 2 of 2
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-11 Northvolt Systems - Industrial Division

Stockholm, Sweden

Northvolt Systems' Industrial Division develops and manufactures battery systems for heavy industry and off-highway market segments, offering a portfolio of battery modules and systems used in material handling, construction equipment, and mining.

Sell -