Lyten Acquires Northvolt Assets in Sweden and Germany, Rehiring Begins

American Lyten takes over the remaining assets in Northvolt in Sweden and Germany – a message that is received with joy and relief. It has been a long journey ever since last September, and it is well a result of all the work we have done, says Skellefteå's municipal councilor Lorents Burman (S) to TT.

» Published: August 07 2025

Lyten Acquires Northvolt Assets in Sweden and Germany, Rehiring Begins
Photo: Jonas Westling/TT

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He welcomes the message and says that many have worked very hard.

That the battery factory can now survive is obviously important, both for the people of Skellefteå and all those who now have the chance to get their jobs back. That's why we're happy about this message, he says.

According to Lyten, the company will rehire a "significant part" of the previously laid-off staff. Municipal councilor Amanda Grönlund (KD) in Västerås, where Northvolt had around 800 employees at most, says she looks "positively at the future" but emphasizes that the rehiring pace will be relatively slow.

This is a company that wants long-term growth and long-term scaling in a stable sustainable way. The biggest danger for all companies is when you grow very fast, she says to VLT.

Trustee: Many lose

Trustee Mikael Kubu says it's positive to have a buyer who can keep the assets together and take over what's left.

Of course, in relation to the investments that have been made, there are many creditors who lose a lot of money, Kubu says to TT.

According to Kubu, it has been a fight against time to get the agreement, which was finalized during the night to Thursday.

This was the interested party that could complete a deal within a reasonable time. For the other interested parties, we assessed that it would take so long that it was doubtful whether it would have been possible to reach the goal, he says.

Hopeful union members

Marie Nilsson, IF Metall's union chairman, says it's "glad that the good conditions for continued battery production in Northvolt's facility can now be utilized".

"I'm convinced that the new owners also want to take advantage of the expertise that exists among all IF Metall members who have worked with battery production and development in Skellefteå and Västerås", she says in a written comment to TT.

Aksel Bäcklund, union representative at Unionen, writes in a comment to TT that the union of salaried employees is also pleased with Thursday's message.

"We have hundreds of members who can get continued employment with the acquirer in one way or another", he writes.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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