Scania has just announced the acquisition of Northvolt Systems Industrial Division, to strengthen the brand’s off-road electrification.
Under this acquisition, the battery manufacturer’s Industrial Division – which develops battery systems for heavy industry and off-highway market segments out of Poland and Sweden – will become a partner to Scania’s Power Solutions business unit.
This acquisition was supported by Head of Power Solutions, Sara Hermansson, who expressed the benefit that the partnership would bring to Scania’s value proposition.
“Northvolt Systems Industrial Division brings valuable expertise in battery technology and assembly,” she said.
“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.”
More specifically, Northvolt Systems Industrial Divisions will operate as a stand-alone venture with Scania Ventures and New Business, aligning with its strategy to develop complementary and transformational businesses that strengthen Scania’s long-term competitiveness.
Scania Ventures and New Business Head of Energy & Infrastructure, Jonas Hernlund, further outlined the synergy this acquisition would bring.
“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 customers in their transition journeys,” he said.
“This acquisition demonstrates how Scania Ventures and New Business leverage our capabilities in opportunity identification, mergers and acquisitions (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.”
As part of the acquisition, Scania and the trustee have agreed not to disclose the purchase price of Northvolt Systems Industrial Division.
Following the acquisition, Northvolt Systems Industrial’s operations will continue with business as usual.
