M&A Deal Summary

Scania AB Acquires Northvolt Systems - Industrial Division

On April 11, 2025, Scania AB acquired electrical equipment company Northvolt Systems - Industrial Division from Northvolt

Acquisition Highlights
  • This is Scania AB’s 1st transaction in the Electrical Equipment sector.
  • This is Scania AB’s 1st transaction in Sweden.

M&A Deal Summary

Date 2025-04-11
Target Northvolt Systems - Industrial Division
Sector Electrical Equipment
Buyer(s) Scania AB
Sellers(s) Northvolt
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Scania AB

Sodertalje, Sweden

Category Company
Founded 1891
Sector Automotive
Revenue 79.6B SEK (2012)
DESCRIPTION

Scania is a provider of transport solutions committed to a better tomorrow. The company's purpose is to drive the shift towards a sustainable transport system. Scania was formed in 1891 and is based in Sodertalje, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Northvolt

Stockholm, Sweden

Category Company
Founded 2016
Sector Electrical Equipment
DESCRIPTION

Northvolt is a European 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 STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2025 M&A 1 of 1