Hitachi Energy is recruiting workers from Northvolt AB due to the battery manufacturer's layoffs affecting around 1,600 employees in Sweden.
Northvolt is facing financial difficulties and is reducing its workforce.
Hitachi Energy's products, such as transformers and electricity network equipment, are in high demand due to the increasing electrification of the economy.
As the need for improved energy networks and generation assets grows, Hitachi Energy plans to incorporate skilled workers from Northvolt into its operations.