Wolf Theiss advises Northvolt on the sale of Northvolt Systems’s Industrial division to Scania

Warsaw, 16 April 2025 – Wolf Theiss, in collaboration with Mannheimer Swartling, advised Northvolt AB, a battery manufacturer and subsequently the bankruptcy estate of Northvolt Systems AB on the sale of its Systems’s Industrial division to Scania, a leading industrial group.

Established in 2018, Northvolt Systems’s Industrial focuses on the design, manufacturing and sale of scalable battery systems for the heavy industry and off-highway market segments. The business employs approximately 260 people across a production facility in Gdańsk, Poland and an R&D facility in Tomteboda, Stockholm.

The transaction was initiated by Northvolt in autumn 2024 and completed by the bankruptcy estate on 11 April 2025. It marks a key milestone for the bankruptcy estate, enabling it to optimise its asset portfolio while ensuring the continued operation of the business under new ownership.

Wolf Theiss acted as lead Corporate/M&A adviser in Poland to Northvolt Poland, in addition to acting as Polish counsel to Northvolt AB (and later to the bankruptcy estate of Northvolt Systems AB).

The Wolf Theiss team was led by Partners Izabela Zielińska-Barłożek and Maciej A. Szewczyk (both Corporate/M&A), supported by Associate Michał Pypka (Corporate/M&A). The core team also included Partner Przemek Kozdój (Banking & Finance), Counsel Joanna Gąsowski (Restructuring & Insolvency), Counsel Dominik Wałkowski (Environment), Counsel Marcin Rudnik (Regulatory) and Associate Maria Markowska (Banking & Finance).