Northvolt, a battery manufacturer, has received an indicative bid, as reported by Swedish radio, according to the bankruptcy trustee.
In a recent development, Northvolt's bankruptcy trustee, Mikael Kubu, has announced that a foreign investor has submitted the first indicative, non-binding offer to acquire the entirety of Northvolt's bankrupt operations in Sweden, including its key facilities in Skellefteå and Västerås [2][3][4].
This bid, announced in late June 2025, marks the first attempt to take over the whole operation and is seen as a prelude to more concrete negotiations, although it is subject to conditions and still non-binding [2][3][4]. The offer comes as Northvolt filed for bankruptcy in Sweden earlier in 2025, making it one of the country's largest corporate failures [1].
Kubu mentioned that there are currently three credible prospective buyers and expects at least one more bid to come [2][3]. The urgency of finding a solution soon is emphasised, as the winding down of production was originally planned to complete by June 30, 2025. The administrator stressed that retaining staff and operational assets is crucial [2][3].
Besides the Skellefteå gigafactory and Västerås R&D hub (Northvolt Labs), the bankruptcy estate also includes other assets like the planned factory site in Heide, Germany, which is still in the construction preparation phase [3].
The specific terms of the indicative bid, including the identity of the interested party and the financial details, are not disclosed in the article. However, if accepted, the bid could potentially save Northvolt from complete dissolution and secure its future in the European battery market.
The role of Northvolt in the European battery market remains uncertain, but the indicative bid is part of an effort to find a buyer for Northvolt's assets and potentially revive the company. The trustee has expressed hope for more indicative bids in the future.
The reporting was done by Stine Jacobsen in Copenhagen, Anna Ringstrom, and Marie Mannes in Stockholm, and was edited by Louise Rasmussen, Terje Solsvik, and Bernadette Baum.
No comment from Kubu was immediately available regarding further details about the potential buyer. The future of Northvolt and its role in the European battery market remain uncertain as negotiations continue under tight deadlines.
[1] Sveriges Radio [2] Reuters [3] Bloomberg [4] Financial Times
The foreign investor's non-binding offer to acquire Northvolt's bankrupt operations signifies a potential entry into the European battery industry, which includes Northvolt's key facilities in business sectors such as finance, technology, and the vast R&D hub in Västerås. As more credible bids are expected, the race among potential buyers in the finance sector intensifies, with the urgency of finding a solution under tight deadlines emphasized to retain staff and operational assets.
