Scania buys Northvolt division operating battery factory in Poland

Swedish truck manufacturer Scania has bought a division of bankrupt Swedish company Northvolt that makes batteries for heavy industry and operates a factory in Poland. Scania announced the deal today in a press release. It did not disclose the financial terms of the transaction.

The division has around 260 employees and makes battery systems used in construction, mining and other heavy industries. In addition to its factory in the Polish city of Gdańsk, it also operates a research and development centre in Sweden.

Electric vehicle battery maker Northvolt declared bankruptcy in March, ending Europe's biggest hope of creating a company that could compete with major Asian players in the electric vehicle battery market.

Scania is part of the German automotive group Volkswagen.