Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
0mins
Source: Reuters
Acquisition of Northvolt's Division: Scania, part of Volkswagen's truck unit Traton, has agreed to buy the bankrupt Northvolt's division that produces battery packs for heavy industry, marking the first sale of Northvolt assets after its bankruptcy.
Strategic Move for Electrification: The acquisition aligns with Scania's strategy to enhance its electrification offerings for off-road applications, ensuring business continuity for Northvolt Systems Industrial and its 260 employees.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
