According to Lyten, the acquisition of Northvolt is now final. The transaction carries a price tag of 5 billion dollars, equivalent to about 45 billion kronor. The specific terms and conditions of the acquisition deal have not been disclosed.
Lyten's management states that, based on customer demand, the company plans to hire an additional about 600 people over the next twelve months. Furthermore, Lyten plans to further ramp up employment plans in the coming years. It remains unclear what Lyten's specific plans are for the Northvolt facility and its existing workforce.
The acquisition represents a significant move for Lyten in the battery manufacturing sector.