Lyten Completes Acquisition of Northvolt Ett, Ett Expansion, and Northvolt Labs (Establishes Lyten Industrial Hub in Sweden)

February 27, 2026

Lyten has completed the acquisition of Northvolt’s battery assets in Sweden, including Northvolt Ett and Ett Expansion (Skellefteå) and Northvolt Labs (Västerås), totaling nearly $5 billion in value. The company is restarting production and establishing a Lyten Industrial Hub in Skellefteå that co-locates battery manufacturing with AI data centers, while EdgeConneX (EQT portfolio) plans to acquire a data center site from Lyten with potential scale to up to one gigawatt.

Buyers
Lyten, EdgeConneX
Targets
Northvolt Ett, Ett Expansion (Skellefteå, Sweden), Northvolt Labs, Northvolt Sweden battery assets (Skellefteå and Västerås)
Sellers
Northvolt
Industry
Energy
Location
Sweden
Transaction Type
Buyout

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