Lindahl advises Lyten on its acquisition of Northvolt
Lindahl has advised the US global leader in lithium-sulfur batteries Lyten Inc. on its recently announced transaction pursuant to which it has entered into a binding agreement to acquire all of Northvolt's remaining assets in Sweden and Germany. The acquisition includes Northvolt Ett and Ett Expansion in Skellefteå, Sweden, Northvolt Labs in Västerås, Sweden, and Northvolt Drei in Heide, Germany. Lyten is also acquiring all remaining Northvolt intellectual property.
Lyten has announced that it plans to restart operations in Skellefteå and Västerås as soon as the transaction is completed, which is expected to take place in the fourth quarter of 2025.
In Lyten's press release, Sweden's Minister for Energy and Enterprise Ebba Busch stated “Lyten’s acquisition of the Northvolt assets is a win for Sweden, for the former employees of Northvolt, and for positioning Sweden as key to Europe’s energy independence.
Lindahl's team was led by M&A partners Jan Byström and Ahmed Al-Rahma and included a broader full-service team from multiple Lindahl offices led by partners and counsels Johan Åberg (Intellectual Property), Ottilia Boström (Employment and Benefits), Fredrik Gillgren (Credit and Insolvency), Jan Berg (Real Property), Alexander Tham (Regulatory), Johanna Lindqvist (Environmental) and Anders Carls (Tax).
Earlier this summer, Lindahl also acted as legal advisor to Lyten in connection with the company's acquisition of Northvolt's energy storage business in Gdansk and the acquisition of Northvolt’s BESS product and IP portfolio.
About our client Lyten
Lyten is a Silicon Valley-based technology company with headquarters in San Jose, California and European headquarters in Luxembourg. The company develops and manufactures lithium-sulfur batteries based on a proprietary material platform, Lyten 3D Graphene. Lyten is active in several future-oriented areas and has received international attention for its battery solutions in areas such as aerospace, electric vehicles and energy storage.
Do you want to know more? Contact:
Laura Salander
Chief Marketing & Communications OfficerJan Byström
Partner | AdvokatAhmed Al-Rahma
Partner | AdvokatJohan Åberg
Managing Partner Stockholm | AdvokatOttilia Boström
Partner | AdvokatAlexander Tham
Partner | AdvokatJohanna Lundgren
Counsel | AdvokatAnders Carls
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