Investor AB
From Infogalactic: the planetary knowledge core
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| Publicly traded Aktiebolag | |
| Traded as | OMX: INVE B |
| Industry | Industrial holding company |
| Founded | 1916 |
| Headquarters | Stockholm, Sweden |
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Key people
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Jacob Wallenberg (Chairman), Börje Ekholm (President and CEO) |
| Products | Core, private equity, operating and financial investments |
| SEK 47.54 billion (2013)[1] | |
| Profit | SEK 45.12 billion (2013)[1] |
| Total assets | SEK 238.521 billion (end 2013)[1] |
| Total equity | SEK 215.417 billion (end 2013)[1] |
| Owner | Wallenberg family (23.3%) |
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Number of employees
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85 (Investor AB only, end 2013)[1] |
| Subsidiaries |
List
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| Website | www.investorab.com |
Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. At year-end 2013 it had a market value of 190.9 billion kronor (€21.4 billion, $29.4 billion), a discount to the Net Asset Value of 11.4%.
Contents
Quick facts
December 31, 2013 (in SEK m.)
- Core holdings: 204,705
- Financial investments: 32,256
- Other assets: 1,560
- Total assets: 238,521
- Net Asset Value: 215,419
History
In 1916, new legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank, at the time the largest instrument of power in the Wallenberg family.
Investments
Core investments
[2] Investor held shares in the following companies as of 31 December 2013:[2]
Listed companies
- ABB - power and automation technology (8.4% stake, 8.4% voting rights)
- Atlas Copco - industrial tooling and equipment (16.8% stake, 22.3% voting rights)
- AstraZeneca - pharmaceuticals (4.1% stake, 4.1% voting rights)
- Electrolux - consumer appliances (15.5% stake, 30.0% voting rights)
- Ericsson - telecommunications (5.3% stake, 21.5% voting rights)
- Husqvarna - outdoor power tools, chainsaws, lawnmowers and robotic mowers (15.7% stake, 30.8% voting rights)
- NASDAQ - stock and securities exchange (11.5% stake, 11.5% voting rights)
- Saab - aviation and military technology (30.0% stake, 39.5% voting rights)
- Swedish Orphan Biovitrum - biopharmaceutical company (39.7% stake, 39.8% voting rights)
- SEB - banking (20.8% stake, 20.8% voting rights)
- Wärtsilä - marine and power engine development (16.8% stake, 16.8% voting rights)[2]
Unlisted subsidiaries
- Mölnlycke Health Care - medical devices (96.0% stake)
- Permobil - power wheelchairs (94.0% stake)
- Aleris - health care in Nordic region (100.0% stake)
- Grand Hotel/Vectura - hotel and real estate (100.0% stake)
Primary financial investments
- EQT Partners - private equity funds
- Investor Growth Capital - venture capital in health care and technology in US and China
- 3 Scandinavia - mobile and broadband networks in Scandinavia
See also
Some former holdings
- IBX - provider of efficient purchasing solutions and services (sold to Capgemini in 2010)
- WM-data - IT services (sold in August, 2006)[3]
- Saab Automobile - acquired by General Motors
- Scania - divested its holding to Volkswagen AG in 2008. [1]
- Bredbandsbolaget - (BBB) a broadband and telecoms provider. This was initially in difficulty but was sold 2005 to Telenor for a profit.[4]
- OMX - financial services company (sold in May, 2007 to Nasdaq)
Other Swedish investment companies
- Ratos
- Investment AB Kinnevik
- Investment AB Latour
- L E Lundbergföretagen AB
- Aktiebolaget Industrivärden
References
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