Dan Cook, CEO of Lyten, finds Revolt interesting. However, he stated that the company will first focus on the acquisition of other Northvolt operations, which was announced last week.
Revolt was an ambitious venture from Northvolt aimed at recycling raw materials from used car batteries.
Already at the end of last year, the business was put up for sale, but no deal was made before the parent company was declared bankrupt on March 12 this year.
When Lyten announced last week that they intend to take over large parts of Northvolt’s operations in Sweden and Germany, Revolt was not included among the assets, and what will happen with the business remains unclear.
Lyten’s CEO Dan Cook admits to Norran that Revolt is interesting, but that they have not made any decisions about whether they want to take it over as well.
– Right now we need to digest this deal, as you can imagine. But Revolt – which can recycle nickel-based batteries – is absolutely an asset and an important part of the value chain. We will definitely look at it eventually, Cook said on Friday.
Mikael Kubu is the bankruptcy trustee for Revolt. He has previously been positive about finding a buyer and is still hopeful.
– It’s a process that is ongoing, but it will take some time. First and foremost, we have quite a lot of chemicals that we are in the process of selling, said Kubu.
He notes that Revolt is located on the land Lyten intends to buy but does not rule out that other buyers may also be relevant.
– Lyten has announced interest, so it’s natural, but it remains to be seen.
Are there other interested parties?
– There have been other interested parties, absolutely.
Are they still in the picture?
– There is at least one more interested party. At the same time, Lyten will soon own the land, so it will also be partly up to them.
Mikael Kubu is the bankruptcy trustee for Revolt in Skellefteå. He hopes they will find a buyer for that business as well.
So nothing will happen with Revolt in the next two months until Lyten’s purchase has gone through?
– It’s hard to say. We will try to act a bit faster than that, I think.
So things could happen in the near future?
– Yes, but we are probably talking about a few weeks.
According to Northvolt, Revolt had at most around 300 employees. When operations came to a complete halt in April, 90 people were employed there.