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 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 2
Sector: Electrical Equipment M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Sweden M&A 1 of 2
Year: 2025 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-28 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.

Sell -