Lyten said it has completed the acquisition of Northvolt Ett and Ett Expansion in Skellefteå, as well as Northvolt Labs in Västerås, marking a major expansion of its footprint in Europe. The deal, valued at nearly $5 billion, was finalised several months later than initially anticipated.
When Lyten announced its intention in August 2025 to acquire selected assets of Northvolt, the move drew attention given the relative size difference between the two companies and their differing technology focus. Lyten, founded in 2015 in San Jose, California, specialises in lithium-sulphur battery cells, while Northvolt has concentrated on nickel-manganese-cobalt (NMC) lithium-ion technology. By late September 2025, Lyten had secured key regulatory approvals and had originally targeted completion by the end of October.
The company did not specify the reasons for the delay, stating only that the transaction has now been finalised. Operations at Northvolt Ett and Northvolt Labs are set to resume, with the Skellefteå facility expected to deliver commercially produced cells in the second half of 2026. A rehiring programme is underway, with more than 600 employees expected to return to work across the Skellefteå and Västerås sites.
At this stage, the acquisition covers only Northvolt’s Swedish facilities. Lyten said it is “advancing with the acquisition of the Northvolt facilities in Heide (Germany),” but provided no further details on the planned takeover of the site under construction in northern Germany.
The Swedish acquisition includes 16 gigawatt-hours of existing production capacity, more than 160 hectares of land, associated infrastructure and buildings, as well as a battery research and development centre. Lyten said that when operations resume, Ett will initially produce lithium-ion NMC batteries for customers in stationary energy storage, automotive and mobility sectors.
Among the customers referenced are companies such as Scania, as well as electric successors to the Porsche 718 and Audi Concept C models. Lyten also intends to use cells from Skellefteå for its own activities, including stationary energy storage systems. Prior to the Swedish acquisition, Lyten had already taken over Northvolt Dwa in Poland, a site focused on battery energy storage systems.
While NMC production will continue in the near term, Lyten said Northvolt Labs in Västerås will collaborate with its Silicon Valley team to industrialise lithium-sulphur battery technology for large-scale manufacturing. The company indicated that energy storage could play a growing role alongside mobility applications.
Lyten also announced the creation of the Lyten Industrial Hub in Skellefteå, which will combine battery manufacturing with data centre and other industrial operations. The company said the hub will leverage existing infrastructure and access to hydroelectric power. Data centre developer EdgeConneX has been named as a partner for a planned facility at the site.
“With this acquisition, Lyten now operates one of the largest battery manufacturing campuses in Europe and the largest battery R&D center in Europe,” said Lyten Chief Executive Dan Cook. Matthias Arleth, CEO of Lyten Sweden, added that production would resume gradually and that research activities in Västerås would support both NMC and lithium-sulphur battery development.
