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The acquired business will be a partner to Scania Power Solutions and operate as a stand-alone venture.
Scania today announces the acquisition of the Industrial Division of Northvolt Systems, including production capabilities, a research and development center, and a team of approximately 260 employees. The operations are based in two locations: a leased production facility in Gdańsk, Poland, and an R&D center in Tomteboda, 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. The acquired company will be a partner to Scania’s business unit Power Solutions. This will add on to Scania’s offering as part of a diversified product portfolio.
With over a century of powertrain innovation, Scania Power Solutions has built a strong reputation for delivering reliable and efficient engines that meet the toughest demands in the industrial, marine, and power generation segments. With this acquisition Scania will strengthen its electrification offering for off-road applications.
“Northvolt Systems Industrial Division brings valuable expertise in battery technology and assembly. Their capabilities strengthen our modular approach and support the development of complete electrified solutions for off-road applications. I’m pleased to welcome the team to Scania," says Sara Hermansson, Head of Scania Power Solutions.
The acquired business will be a partner to Scania Power Solutions and operate as a stand-alone venture within Scania Ventures and New Business, aligning with its strategy to develop complementary and transformational businesses that strengthen Scania’s long-term competitiveness.
“By combining Northvolt Systems Industrial Division’s battery expertise with Scania's deep industry knowledge, we are not only driving innovation but also strengthening our ability to serve our customers in their transition journeys. This acquisition demonstrates how Scania Ventures and New Business leverage our capabilities in opportunity identification, M&A, and growth-stage company management to enable our core business and enhance our position as a transformation partner for our customers — all in support of a more sustainable transport system,” says Jonas Hernlund, Head of Energy & Infrastructure at Scania Ventures and New Business. Read more
Source: SCANIA
