There were plans for a total shutdown of the Swedish battery company Northvolt before a buyer appeared in June. This was announced by bankruptcy administrator Mikael Kubu on Friday, after it was announced on Thursday that the American Lyten would buy the remaining parts of Northvolt. This is reported by the news agency TT.
In March, Northvolt filed for bankruptcy, and "at first we looked positively at finding a new buyer," Kubu explains. But along the way, potential buyers withdrew.
- Then we initiated plans for a total shutdown, he says.
It is the American battery company Lyten that has now acquired, among other things, the Northvolt Ett factory in Skellefteå. Northvolt has created thousands of jobs in the city, which has around 36,000 inhabitants. The mayor of Skelleftå, Lorents Burman, says that the acquisition is writing a "new chapter in Europe's battery history".
- Europe's largest and first functioning battery factory cannot just cease to exist, not just end up in the trash, says Burman.
The company was one that many hoped could establish itself as a European alternative to the Chinese manufacturers of batteries for electric cars.
Northvolt's crisis first became clear last summer, when it emerged that it was having problems meeting contracts and making a profit from operations.
Now it is in American hands. Lyten is also buying several other plants besides the one in Skellefteå.
- In addition, Lyten is acquiring all of Northvolt's remaining intellectual property, and several members of Northvolt's management plan to join Lyten, the company writes in a press release.
According to the American company, the assets that Lyten has purchased are estimated to be worth around 34 billion kroner.
/ritzau/TT
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