Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems for heavy industry sectors. Northvolt’s Systems Industrial division will be acquired by truckmaker Scania,

According to Reuters, Northvolt has sold its industrial battery pack division to long-time customer and partner Scania.

Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s troubled battery maker steps up restructuring to shore up its finances. The Swedish battery start-up said on Tuesday that it would sell its industrial battery business,