California-based company Lyten, specialised in the development of lithium-sulphur batteries, has confirmed the appointment of Matthias Arleth, the last Chief Operating Officer of Northvolt, as head of its Swedish subsidiary. This return is part of an industrial recovery strategy following the unexpected acquisition of the assets of the Swedish company, which filed for bankruptcy in June.
The announcement was made as Lyten continues integrating Northvolt’s infrastructure, including its main production sites in Sweden and Poland. The company also confirmed the return of Sami Haikala to lead the Northvolt Labs research and development unit, and Markus Danglemaier, who will resume his role as head of the Northvolt Ett factory. These appointments involve only senior executives who managed operations during Northvolt’s final months.
A recovery based on local expertise
According to Lyten, these appointments aim to ensure a swift industrial restart at former Northvolt sites by leveraging asset knowledge and management continuity. Dan Cook, Chief Executive Officer of Lyten, leads the global group, while the Swedish team handles local operations.
Lyten has not disclosed the value of the asset acquisition or the financial terms surrounding the restart. However, the firm is banking on technical continuity to strengthen its presence in the European battery market, particularly in the electric vehicle sector.
A strategic positioning within the European ecosystem
The decision to retain executives who were already in place at Northvolt prior to the bankruptcy reflects an intent to preserve internal expertise while accelerating the restart of operations. The company stated that these leaders had “played a pivotal role in stabilising operations and delivering to customers” during Northvolt’s final year of activity.
Matthias Arleth, who joined Northvolt in July of the previous year, had been managing the company alongside two other executives following the departure of co-founder Peter Carlsson in November. His experience now plays a central role in Lyten’s redeployment strategy on the continent.
